The EITI today launched its flagship EITI Progress Report 2020 ahead of its first virtual Board meeting taking place on 16 and 17 of June. The report presents stories of transparency advances across the extractives sector value chain, from the disclosure of extractives agreements to the monitoring of revenue transfers to local communities.
The report illustrates how EITI implementation can lead to concrete outcomes – such as reforms and strengthened institutions – to reduce corruption and achieve greater sector accountability.
“Understanding its impact will enable the EITI to respond better to national priorities,” comments EITI Chair Rt Hon. Helen Clark in her foreword. “It helps us move beyond knowing whether data is disclosed, to evaluating how it is used – whether that be to promote accountability, undertake analysis or inform policy.”
The report highlights 11 good case practices of EITI implementation across EITI network:
Ghana: Publishing petroleum contracts
Myanmar: Disclosing beneficial owners
Zambia: Strengthening licensing procedures
Iraq: Disclosing crude oil export data
Nigeria: Using financial modelling to maximise petroleum revenues
Afghanistan: Publishing financial statements of state-owned enterprises
Madagascar: Monitoring subnational revenue disbursements
The Republic of Congo: Disclosing oil-backed expenditures
Germany: Monitoring water usage and environmental fees
Senegal: Leveraging gender employment data to inform sector reforms
The Democratic Republic of Congo: Clarifying social expenditures
“This report presents many inspiring examples of EITI implementation,” says EITI Executive Director Mark Robinson. “The range of countries covered by these case studies demonstrates that the EITI can be a flexible and adaptable tool even in the most challenging circumstances.”
As countries grapple with the impacts of the Covid-19 pandemic and adapt to new ways of working, many are looking to more efficient ways to undertake reporting. To this end, the EITI Progress Report brings to light good case practices of systematic disclosure, where data is reported routinely through government and company systems. The value of this integrated approach to reporting is demonstrated in current circumstances. Under volatile and challenging market conditions, timely information is vital in helping governments better manage their extractives sectors by informing smart and informed policy decisions.