Chapter

The Extractive Industries Transparency Initiative

Cecily Rose

in International Anti-Corruption Norms

Published in print August 2015 | ISBN: 9780198737216
Published online October 2015 | e-ISBN: 9780191800726 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198737216.003.0005
The Extractive Industries Transparency Initiative

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This chapter examines the Extractive Industries Transparency Initiative, which emerged in 2003 to tackle the corruption, poverty, and conflict associated with natural resource wealth. EITI has created and successively revised a set of international norms on revenue transparency, which take the form of the EITI Standard. These non-binding revenue transparency norms have not only been implemented by participating States, but they have also influenced the legal systems of non-participating States, by virtue of the 2013 European Union Transparency and Accounting Directives. EITI’s status as a multi-stakeholder initiative has greatly enhanced its inclusiveness, as States as well as private sector entities and civil society organizations participate in the Initiative. But EITI’s inclusiveness has also diminished the effectiveness of the Standard. The Standard’s narrow focus on revenue transparency, as opposed to the transparency of contracts and expenditures, may limit its ability to reduce the grand corruption typically associated with the extractive industries.

Keywords: Extractive Industries Transparency Initiative; EITI Standard; multi-stakeholder initiative; civil society; natural resource curse; theory of change; Publish What You Pay

Chapter.  20537 words. 

Subjects: Public International Law ; Civil Law

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