The Extractive Industries Transparency Initiative (EITI) is a global standard that promotes transparency and accountability in the extractive sector. It has a robust yet flexible methodology for disclosing company payments and government revenues from oil, gas and mining as well as other information in the extractive industries value chain such as information on the legal framework and fiscal regime, licensing practices, state-owned companies, production, revenue collection, revenue sharing, revenue management, exports, etc. The requirements for implementing countries are currently set out in the 2023 EITI Standard effective from 12 June 2023
Each implementing country creates its own EITI process adapted to the specific needs of the country. This involves defining the scope of information to be published and exploring how disclosure of information about the extractive sector can be integrated into government and company portals to complement and strengthen wider efforts to improve extractive sector governance.
Malawi became an Extractive Industries Transparency Initiative (EITI) international member country in 2015 and so far has produced 6 EITI Reports. In 2015 the country also established an EITI Multi-Stakeholder Group (MSG) operating based on agreed Terms of Reference (ToR) defining the requirements related to the role, rights and responsibilities of the MSG so that it can operate and ensure efficient oversight of the EITI implementation process
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