Extractive Industries Transparency Initiative (EITI) Standard (2023)
EITI: Legal and Institutional Framework, Contracts and Licences, Beneficial Ownership, State Participation (Section 2)

Extractive Industries Transparency Initiative (EITI) Standard (2023) EITI-Req.2.4: Contract disclosure (EITI Requirement 2.4)

Requirement 2.4 (Contract disclosure): the implementing country must comprehensively disclose all new + amended contracts + licences in the extractive sector as a default position with effect from 1 January 2021. Contracts granted + entered into + materially amended since 1 January 2021 must be public + accessible to the general public. Contracts entered into before 1 January 2021 should be disclosed unless there is a credible reason for confidentiality. The published contract must include: full contract terms (or summary if the implementing country has a credible reason); any annexes + appendices + amendments. The MSG should review the policy + procedure for contract disclosure + any exceptions invoked. The 2023 Standard tightens this requirement: contract disclosure is now the DEFAULT POSITION rather than the encouraged practice it was under the 2019 Standard.

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