IBRD Trust Funds - World Bank

Published purpose

The Extractive Industries Transparency Initiative (EITI) is a World Bank multi-donor trust fund that supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas and mining. Through improved transparency and accountability, EITI is designed to ensure that oil, gas and mineral resources generate sufficient revenues to foster economic growth and reduce poverty. The EITI partnership comprises governments, investors, companies, international organisations, donor agencies, and civil society groups. Activities of the multi-donor trust fund for EITI include providing technical and financial assistance to countries implementing or considering implementing the EITI, knowledge sharing of EITI and of international best practices, and providing civil society support and capacity building.