Multi-Donor Trust Fund for the Extractive Industries Transparency Initiative

The main finding of this review is that the Multi-Donor Trust Fund-Extractive Industries Transparency Initiative (MDTF-EITI) program is in the process of achieving its objective of increasing transparency of revenues in resource-dependent countries...

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Bibliographic Details
Main Author:	Independent Evaluation Group
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank Group 2015
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING PERIODS ACCOUNTING PRACTICES ALLOCATION OF RESOURCES ALUMINUM ANTI-CORRUPTION ANTICORRUPTION ANTICORRUPTION STRATEGY ARTISANAL AND SMALL-SCALE MINING AUDITING AUTHORITY AUTONOMY BENEFICIARIES BEST PRACTICE BEST PRACTICES BUDGETARY SUPPORT CAPACITY BUILDING CAS CASM CITIZENS CIVIL SERVICE CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COMPLAINT CONSENSUS CONSTITUENCIES CONSTITUENCY CORRUPT CORRUPTION CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDICES CORRUPTION PERCEPTIONS CORRUPTION PERCEPTIONS INDEX CPI DECISION MAKING DEGREE OF AUTONOMY DEMOCRATIC ACCOUNTABILITY DEVELOPMENT STRATEGIES EI EI DEVELOPMENT EI PROJECTS EI REVENUES EIB EITI EITI APPROACH EITI PRINCIPLES EXPENDITURE EXTRACTIVE COMPANIES EXTRACTIVE INDUSTRIES EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE EXTRACTIVE INDUSTRY PROJECTS EXTRACTIVE RESOURCES FINANCIAL MANAGEMENT FINANCIAL SUPPORT FISCAL REVENUE FISCAL REVENUES FISCAL TRANSPARENCY GAS GAS FLARING REDUCTION GOVERNANCE INDICATORS GOVERNMENT OFFICIALS GOVERNMENT REVENUES HIPC INCOME INSTITUTIONAL INVESTORS INSTITUTIONAL REFORM INTERMEDIATE OUTCOMES INTERVENTION INVESTMENT CLIMATE LACK OF TRANSPARENCY LAWS LEARNING LEGAL FRAMEWORKS LEGITIMACY LEVEL PLAYING FIELD MINERAL PRODUCERS MINERAL RESOURCES MINERALS MINERALS PRODUCTION MINING COMPANIES MINING INDUSTRIES MINING POLICY MINING PRODUCTION MISMANAGEMENT MONITORING DATA MULTILATERAL DEVELOPMENT BANKS NATIONAL LAWS NATURAL RESOURCE WEALTH NATURAL RESOURCES OIL OIL COMPANIES OPERATING COSTS PATRONAGE PEER REVIEW POVERTY REDUCTION PRESIDENCY PRINCIPLES OF EITI PRIVATIZATION PRODUCTION-SHARING AGREEMENTS PROGRAMS PUBLIC ACCOUNTABILITY PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT REGULATORY FRAMEWORKS RENT-SEEKING BEHAVIOR REPRESENTATIVES RESOURCE CURSE RESOURCE MOBILIZATION RESOURCE RENTS RESOURCE REVENUES RESOURCE-DEPENDENT COUNTRIES RESOURCE-RICH COUNTRIES RESOURCE-RICH DEVELOPING COUNTRIES REVENUE DISCLOSURE REVENUE FLOWS REVENUE MANAGEMENT REVENUE TRANSPARENCY REVENUES FROM RESOURCE EXTRACTION RISK MANAGEMENT RULE OF LAW SILVER SMALL-SCALE SMELTER SOCIAL PERFORMANCE SUSTAINABILITY SUSTAINABLE DEVELOPMENT SUSTAINABLE MANAGEMENT TECHNICAL ASSISTANCE TRANSPARENCY OF PAYMENTS TRANSPARENCY OF REVENUES TRANSPARENCY OVER PAYMENTS VIOLENCE
Online Access:	http://documents.worldbank.org/curated/en/2011/02/15456079/multi-donor-trust-fund-extractive-industries-transparency-initiative http://hdl.handle.net/10986/21343

Description
Summary:	The main finding of this review is that the Multi-Donor Trust Fund-Extractive Industries Transparency Initiative (MDTF-EITI) program is in the process of achieving its objective of increasing transparency of revenues in resource-dependent countries. Given the resilience and pervasiveness of the resource curse, the achievement of this narrowly defined objective in a few critical countries is a notable accomplishment that has created the momentum needed to attract a growing number of countries, donors, enterprises and Civil Society Organizations (CSOs) a testimony of their hope that, in spite of the uncertainty and risks, the benefits will be forthcoming in due course. The findings of the present review suggest that to ensure that tangible benefits in terms of improved revenue management and accountability can be achieved, the program needs to satisfactorily address the emerging doubts about the adequacy of the program in the absence of complementary measures, tackle issues with the scope and quality of the EITI reports, manage the tensions between authority and accountability, and face up to the tradeoff between expanding the number of EITI candidates and improving results in countries that are already implementing EITI. The EITIapos;s stakeholders are aware of these issues, which have already been discussed at several Board meetings and workshops. What is needed now is a roadmap for the second phase built around a unifying principle that can help to reconcile and prioritize among competing demands.

Multi-Donor Trust Fund for the Extractive Industries Transparency Initiative

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