Boston, MA -- (SBWIRE) -- 08/06/2012 -- Initiated in 2002, the Extractive Industries Transparency Initiative (EITI) is a global initiative which aims to increase transparency and accountability in the mining and oil and gas sectors in countries with an extractive industries segment. It is hoped that this will translate into better governance and revenue collection and less corruption. However, there are certain steps that the initiative will have to take in order to truly become a global standard. It currently has 35 member countries and 12 compliant countries.
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- The report provides a brief overview of the Extractive Industries Transparency Initiative along with a pictorial presentation of the natural resource value chain, the key elements of the initiative and the initiative's timeline.
- It also discusses the need for such an initiative, the implementation procedure, the benefits of compliance and scope for further improvements in the initiative.
Reasons to Get this Report
- Obtain an understanding of the Extractive Industries Transparency Initiative.
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