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. 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.

Bibliographic Details

Main Author:	Independent Evaluation Group
Language:	English en_US
Published:	Washington, DC: World Bank Group 2011-02-18
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 https://hdl.handle.net/10986/21343
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