ieiti

ieiti commonly refers to I-EITI, the Indonesian Extractive Industries Transparency Initiative, the Indonesian chapter of the global Extractive Industries Transparency Initiative (EITI). I-EITI works to improve transparency and governance in the country’s extractive sectors by requiring and reconciling disclosures of payments from oil, gas, and mining companies with government revenues, and by making the results publicly available.

It operates through a multi-stakeholder group that includes government agencies, industry representatives, and civil society organizations. A secretariat coordinates data collection, verification, and reporting, while independent auditors may be engaged to ensure accuracy. The process typically yields an EITI country report, annual progress updates, and summaries that explain key findings and policy implications.

The core aims are to reduce corruption, improve revenue management, support policy reforms, and enhance public oversight of natural resource wealth. While adherence to EITI standards varies, many countries use I-EITI reports to inform licensing, revenue allocation, and beneficial ownership transparency, contributing to greater accountability in the sector.

Note: The acronym IEITI can refer to other organizations depending on country or context; if you are looking for a different entity, provide more details to identify the specific program or organization.