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The Extractive Industries Transparency Initiative (EITI) is an international standard that promotes transparency and accountability in the extractive industries (such as oil, gas, and mining). The EITI aims to ensure that revenues from the extractive industries are used in a way that benefits the citizens of the countries where these resources are extracted.
The EITI is a multi-stakeholder initiative that brings together governments, extractive industry companies, civil society organizations, and other stakeholders to promote transparency and accountability in the extractive industries. The EITI works by requiring companies to disclose the payments they make to governments for the extraction of natural resources, and for governments to disclose the revenues they receive from these payments.
The EITI has been successful in promoting transparency and accountability in the extractive industries in many countries around the world. It has helped to increase public understanding of the revenues generated by the extractive industries and has provided a platform for dialogue between governments, companies, and civil society organizations on issues related to the management of natural resources.
