The Liberia Extractive Industries Transparency Initiative (LEITI) is part of the EITI- a global Standard to promote the open and accountable management of extractive resources. LEITI works through a Secretariat guided by a multi-stakeholder arrangement comprising the Government, Civil Society Organizations and Private companies to improve the governance of the extractive sector in Liberia.
The Extractive Industries Transparency Initiative(EITI) is a global standard for the good governance of oil, gas and mineral resources. It seeks to address the key governance issues in the extractive sectors.
The EITI Standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government, to how it contributes to the economy.
This includes how licenses and contracts are allocated and registered, who the beneficial owners of those operations are, what the fiscal , institutional, and legal arrangements are, how much is produced, how much is paid, where are those revenues allocated, and what is the contribution to the economy, including employment.
Liberia is one of 55 Countries worldwide that are implementing the EITI. Each of these countries is required to publish an annual EITI Report disclosing information on: contracts and licenses, production, revenue collection, revenue allocation, beneficial ownership, anti-corruption, energy transition, social, environmental, and economic spending, gender inclusion, and artisanal and small-scale mining.
Liberia became a part of the EITI Countries by an Act of the Legislature in 2009 after two years of implementing the EITI standard and has since published 16 EITI Reports . Liberia was last validated by the EITI International Secretariat in 2022, and the Country's next Validation is scheduled to commence on 1 January 2026. Liberia obtained a moderate score(75.5) from its 2022 Validation. With significant progress made in implementing the corrective actions from last Validation, the Country is expected to exceed its 2022 score by a double digit.
LEITI aims to strengthen governance by improving and promoting resource transparency and accountability through proper extractive revenue management; and to monitor compliance of fiscal and non-fiscal obligations of concessionaires that impact the Liberian economy.
Revenues collected from sectors covered by the LEITI are tracked, used, and accounted for transparently to benefit all Liberians equitably, reduce poverty, and enhance economic and social development in line with the Country's national agenda.