Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

Extractive industries transparency initiative EITI

The extractive industries transparency initiative (EITI) is one of a number of country by country reporting initiatives (see also Dodd-Frank Act, EU directives on accounting and transparency and CRD IV

EITI is a global standard designed to promote revenue transparency in the extractive sector. It is up to individual countries to decide whether and how to implement the initiative. The framework states that all material upstream oil and gas and mining payments to government and all material...

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