History of EITI

In the late 1990s and early 2000s, there was an expanding library of
academic literature around the resource curse

The problem went beyond just the well-known economic phenomenon

of 'Dutch Disease' by which natural resource wealth made other export
sectors uncompetitive

Dutch disease is the negative impact on an economy of anything that

gives rise to a sharp inflow of foreign currency, such as the discovery
of large oil reserves. The currency inflows lead to currency
appreciation, making the country's other products less price
competitive on the export market.

Which raised complexities of the governance of extractive resources

from bidding, exploration, licenses, contracts, operations, revenues,
supply chains, local content, transit, services, allocations, and spending.
As well as
They noted environmental, social and political concerns.
So EITI was established
Which is a global standard for disclosing company payments and
government revenues in the extractive sector
SO,Two core elements are-
Companies publish what they pay and gov publish what they receive
Which creates transparency