Since 2013, the EITI Standard has “encouraged” public disclosure of contracts. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts, and nine enacted laws that require contract disclosure.
Last week, the EITI International Board met in Lima, Peru. Regrettably, the main headlines coming out of these meetings related to transgressions of EITI’s founding principles and procedures. Receiving less attention were six promising elements of the new EITI standard.