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International Anti-Corruption NormsTheir Creation and Influence on Domestic Legal Systems$
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Cecily Rose

Print publication date: 2015

Print ISBN-13: 9780198737216

Published to Oxford Scholarship Online: October 2015

DOI: 10.1093/acprof:oso/9780198737216.001.0001

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The Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative

Targeting Corruption through Revenue Transparency Norms

Chapter:
(p.133) 4 The Extractive Industries Transparency Initiative
Source:
International Anti-Corruption Norms
Author(s):

Cecily Rose

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198737216.003.0005

This chapter examines the Extractive Industries Transparency Initiative, which emerged in 2003 to tackle the corruption, poverty, and conflict associated with natural resource wealth. EITI has created and successively revised a set of international norms on revenue transparency, which take the form of the EITI Standard. These non-binding revenue transparency norms have not only been implemented by participating States, but they have also influenced the legal systems of non-participating States, by virtue of the 2013 European Union Transparency and Accounting Directives. EITI’s status as a multi-stakeholder initiative has greatly enhanced its inclusiveness, as States as well as private sector entities and civil society organizations participate in the Initiative. But EITI’s inclusiveness has also diminished the effectiveness of the Standard. The Standard’s narrow focus on revenue transparency, as opposed to the transparency of contracts and expenditures, may limit its ability to reduce the grand corruption typically associated with the extractive industries.

Keywords:   Extractive Industries Transparency Initiative, EITI Standard, multi-stakeholder initiative, civil society, natural resource curse, theory of change, Publish What You Pay

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