Extractive Industries Transparency Initiative definition

Extractive Industries Transparency Initiative means a coalition of governments, companies, civil societies, investors and international organizations, which aims to strengthen governance by improving transparency and accountability in the extractive industries;

Extractive Industries Transparency Initiative and the acronym “EITI” mean the initiative supporting improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas and mining, and referred to in paragraph 3 of Part A of Schedule 1 to this Agreement.

Extractive Industries Transparency Initiative or “EITI” means the non-profit association established in 2002 pursuant to the laws of the Kingdom of Norway, said association consisting of representatives of governments and relevant agencies, oil, gas and mining companies, investors, asset management companies and pension funds, local civil society groups and international non-governmental organizations engaged in a voluntary global compact for the improvement of transparency in countries that are dependent on extractive industries.

Examples of Extractive Industries Transparency Initiative in a sentence

• Canada urges Member States to follow the recommendations of the 2007 Kimberley Process Communiqué to strengthen government oversight of rough diamond trading and manufacturing by developing domestic legal frameworks similar to the Extractive Industries Transparency Initiative.

• Three institutions facilitated the achievement of these positive features; the capital fund that smooth the absorption of rent into the economy, espousal of the Extractive Industries Transparency Initiative that can shrink the scope of rent seeking activity, and a public sector investment evaluation unit that objectively compares the prospective returns of offshore assets with those of government domestic investment (Auty 2006).

• The Extractive Industries Transparency Initiative (EITI) is a global standard for improving transparency and accountability in the oil, gas and mining sectors.

• The Extractive Industries Transparency Initiative (EITI) is a global standard to promote an open and accountable management of natural resources.

• The Extractive Industries Transparency Initiative (EITI) is a global standard that promotes transparency and accountability in the oil, gas and mining sectors.

More Definitions of Extractive Industries Transparency Initiative

Extractive Industries Transparency Initiative or “EITI” means the voluntary global compact, launched in June 2003, aimed at improving transparency and accountability in the extractives sector, and which comprises a coalition of governments, enterprises, civil society groups, investors, and public international organizations.

Extractive Industries Transparency Initiative means the independent standard of extractive industries transparency voluntarily maintained by Ukraine internationally as adopted by the EITI International Secretariat and approved by the EITI International Board;

Extractive Industries Transparency Initiative or “EITI” means the international compact of resource-exporting nations willing to abide by agreed international standards.

Extractive Industries Transparency Initiative means the voluntary global compact, launched in June 2003, aimed at improving transparency and accountability in the extractives sector, and which comprises a coalition of governments, enterprises, civil society groups, investors, and public international organizations.

Extractive Industries Transparency Initiative and “EITI” each means the standard adopted by the Association for the Extractive Industries Transparency Initiative, an association established by Articles of Association adopted February 16, 2009, as the same may be amended from time to time. “General Conditions” means the “International Development Association General Conditions for Credits and Grants”, dated July 31, 2010.

Extractive Industries Transparency Initiative also described as “EITI” means a global initiative that provides standards for governing extractive industries;

Extractive Industries Transparency Initiative. (EITI) means an international convention comprised of representatives from government, private sector and civil society to monitor mining revenues;