The Extractive Industries Transparency Initiative
Some countries in Africa are resource rich, and yet their population lives in poverty. Development efforts are destroyed by corruption, lack of efficient public procurement systems and procedures. The Extractive Industries Transparency Initiative (EITI) strives to set a global standard for transparency in oil, gas and mining to contribute to resolving these issues. : companies have to publish what they pay to the governments and governments have to disclose what they receive. It gets easier to see if money appears to be missing. This second part of this advocacy video describes EITI mechanism in more details.
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