MEITI - Myanmar Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a global standard for transparency and accountability in the oil, gas and mining industries. The aim of EITI is to improve openness and accountable management of revenues from natural resources so that they lead to growth and socio-economic development for a country and its citizens. Governments formally sign up to EITI and commit to work with companies and civil society to implement EITI in their country. EITI requires government to publicly disclose all relevant payments received from extractive industry companies, and at the same time companies are required to publicly disclose all relevant payments made to government. The EITI process is overseen and implemented by a tripartite multi-stakeholder group of government, companies and civil society that decides what the scope of EITI should be in their country. Myanmar was awarded candidate country status by the EITI Board in July 2014, and is in the process of submitting its second and third EITI Reports. The National Coordination Secretariat (MEITI-NCS) supports the multi-stakeholder group of government, companies and civil society to ensure the coordination, administrative, technical, logistical and communication services in this process.