Paranoia strikes deep in the heartland
But I think it's all overdone
Exaggerating this and exaggerating that
They don't have no fun

Paul Simon, "Have a good time"

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The Extractive Industries Transparency Initiative announced Albania, Burkina Faso, Mozambique and Zambia have begun implementing the EITI process.

The EITI aims to help countries escape the "resource curse", whereby the exploitation of a country's rich mineral welath can result in governance breakdown, stark inequalities and social unrest.

The method is transparency regarding the revenues received from mining, oil and gas sectors.

According to the IPS report:

"Through EITI, countries bring together companies, civil society and government representatives to monitor and account for payments being made to governments by extractives companies operating in their country.

Countries that have met all of the reporting and operational indicators set out under the EITI guidelines and completed a rigorous validation process are then considered to be EITI compliant, establishing that a country's revenue reporting standards in its extractive sector have achieved a greater level of transparency.

In February, oil-rich Azerbaijan was named the first EITI compliant country."

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