EITI-MDTF closed on December 2015. EITI as a program is now supported under the Extractives Global Programmatic Support (EGPS).
Extractive Industries Transparency Initiative (EITI) supports improved governance and transparency in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas and mining activities. Countries implementing EITI work to implement the Standard set by EITI to deepen transparency of the sector and bring together stakeholders from the government, private and civil society sectors to work together toward strengthening governance of extractive industries.
The Extractive Industries Transparency Initiative (EITI) Multi-Donor Trust Fund (MDTF), which is administered by the World Bank, provides grants and technical assistance to countries to implement the EITI principles. Currently a total of 51 countries are implementing EITI, of which 31 are compliant. You can see more information on the status of each EITI implementing country at www.eiti.org.
The work of the EITI MDTF is fundamental to the vision of the World Bank to alleviate poverty and boost shared prosperity. As an industry whose potential revenues dwarf those of international aid, the effective management of revenues from extractive industries can be transformative for the future of many developing countries.
The World Bank is fully committed to EITI as part of its Governance and Anti-Corruption Strategy. Moreover, the EITI MDTF is an important part of the World Bank’s response to its own Extractive Industries Review that identified improved governance a critical aspect of the World Bank’s work in extractives. The World Bank and other multilateral development banks have committed to supporting the EITI as a global initiative in the context of their strategies for governance and extractive industry sector reforms.
In this context, the World Bank works with governments on EITI issues as part of broader Bank-supported programs on extractive industries reform, natural resource management, and good governance/anti-corruption.
The EITI Multi-Donor Trust Fund was created in 2004 to facilitate the implementation work the World Bank does on behalf of EITI. Fifteen donors support this MDTF; they are Australia, Belgium, Canada, Denmark, European Union, Finland, France, Germany, Japan, the Netherlands, Norway, Spain, Switzerland, United Kingdom, and the United States.
The World Bank administered EITI Multi-Donor Trust Fund (MDTF) supports and facilitates the implementation of the EITI standards in countries implementing, or considering implementing EITI, through technical assistance and grants.
World Bank technical assistance includes activities such as:
The EITI Multi-Donor Trust Fund provides countries with grant resources to implement the EITI principles of revenue transparency. As a voluntary association of stakeholders with shared goals, the global EITI structure is comprised of resource-rich developing countries, donor countries, international and national resource companies, and civil society. The Bank and other multilateral development banks have committed to supporting the EITI as a global initiative in the context of their strategies for governance and extractive industry sector reforms.
The EITI MDTF is a major, but not exclusive, source of technical assistance funding for EITI-implementing countries. Many bilateral donors also provide bilateral funds and assistance. In addition, international civil society groups provide extensive funding and technical assistance to civil society groups involved in EITI implementation.
Over its 10 years of implementation, EITI has achieved some remarkable results. Pulling data from country-specific reconciliation reports, revenues for the year 2011 reconciled by EITI amounted to $335 billion equivalent (comparing to the revenues reconciled for the year 2010 of $215 billion and 2009 revenues of $165 billion). In 2011, the percent of revenues reconciled represented about 22% of total revenues in these countries, which represents 70% of total revenues if correcting for extreme cases such as Indonesia and Norway.
The Extractives team of the EEGP manages the EITI MDTF, which provides funding for technical assistance support to countries for implementing the EITI.
Country governments are invited to support the MDTF to assist the World Bank's efforts in implementing the EITI. Those making a contribution of over $500,000 are invited to sit on the EITI MDTF Management Committee. Following are the contributions to the MDTF from the donor countries:
Australia — Department of Foreign Affairs and Trade (DFAT): US$15,508,000
Belgium — Directorate General for Development Cooperation (DGDC): $1,395,000
Canada — Department of Foreign Affairs, Trade and Development (DFATD): $12,520,000
Denmark — Ministry of Foreign Affairs: $458,000
European Union — Commission of the European Communities: $1,496,000
Finland — Ministry for Foreign Affairs: $1,062,000
France — Ministry of Economy, Finance and Industry: $1,811,000
Germany — Bundesministerium für Wirtschaftliche Zusammenarbeit: $2,679,000
Japan — Ministry of Foreign Affairs: $557,350
Netherlands — Minister for Development Cooperation (MDC): $1,500,000
Norway — Ministry of Foreign Affairs: $1,728,000
Spain — Ministry of Foreign Affairs: $4,925,000
Switzerland — State Secretariat for Economic Affairs (SECO): $1,500,000
United Kingdom — Department for International Development (DFID): $10,849,000
United States of America — U.S. Agency for International Development (USAID): $13,476,000
The EITI is a global coalition of governments, companies and civil society working together to improve accountability in the management of revenues from natural resources, such as oil, gas, metals and minerals. This is the report for fiscal year 2015.