The Extractive Industries Transparency Initiative (EITI) is a global coalition of governments, companies, civil society groups, investors and international organisations, established in 2005. It sets a global standard for oil and mining companies to publish what they pay, and for governments to disclose what they receive. It is designed to strengthen governance in resource-rich developing countries by improving transparency and accountability in the extractives sector. There is a set of EITI Principles, which each member is committed to applying.