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Regional Initiative against the Illegal Exploitation of Natural Resources

Extractive Industry Transparency Initiative (EITI)

The Extractive Industry Transparency Initiative (EITI) is an international standard which aims at improving transparency of revenues from extractive activities in countries that produce oil, gas and mineral resources through the disclosure of taxes and other payments made by companies operating in the extractive sector and through the disclosure by government bodies of revenues received from these companies.

The mechanism aims to reduce the risk of embezzlement of revenues from the extractive industries.

It is also a process through which stakeholders, through periodic reports put together by independent administrators, avail to populations the declarations on state revenues and contextual information coming from natural resource exploitation such as taxes, signature, bonus, production bonus, royalties, dividend and other taxes.

The EITI is one of the six tools of the ICGLR Regional Initiative on the fight against the illegal exploitation of natural resources in the Great Lakes Region adopted in December 2010 by ICGLR Special Summit of Heads of State and Government held in Lusaka, Zambia.

The ICGLR was mandated to foster EITI implementation in its Member States through the promotion of peer-learning.

Out of the twelve ICGLR Member States, five – Democratic Republic of Congo, Central Africa Republic, Republic of Congo, Tanzania and Zambia – are full members of the EITI international community as they are implementing the Initiative.

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