8 DEMOCRATIC REPUBLIC OF The CONGO In March 2021, the Democratic Republic of the Congo published its latest EITI Report based on flexible reporting measures. The new approach led to more timely and comprehensive disclosures than ever before, including data on production and revenues from early 2020. According to the report, the first quarter of 2020 saw an increase in copper exports (13%) and offshore oil production (12%), but a dip in cobalt exports. Mining revenues for the total fiscal year were projected to decrease due to lower metal prices. Such disclosures can help inform public debate and recovery plans in response to economic contractions. By adopting a more streamlined approach to reporting, the DRC’s Multi-Stakeholder Group could focus its resources on new types of analysis. ITIE-RDC commissioned six thematic studies on key governance issues, including license allocations, revenue management related to state-owned enterprises and subnational transfers of extractive revenues. These aim to provide a more accurate picture of the contribution of the sector to the economy, as well as recommendations to address deviations, vulnerabilities and corruption risks along the DRC’s extractive sector value chain. INDONESIA Indonesia’s latest EITI Report, which adopts a flexible approach, provides a comprehensive overview of how the COVID-19 crisis has impacted the country’s oil, gas and mining production, revenues and employment. It also outlines new policies that were introduced in response to economic downturns, such as exemptions from fees and taxes for extractive companies and incentives for upstream activities. Due to a decline in production levels and lower tax rates, the state’s oil and gas income tax fell by 45% in 2020. The decrease in the state’s extractive revenues has curtailed important sources of revenue for regional governments. At the end of the third quarter of 2020, subnational revenue shares amounted to 54% of the initial oil and gas annual target and 81% of initial mining targets. These disclosures can help inform recovery plans, by providing critical information to citizens and communities that depend on extractive revenue streams. The report represents a milestone in Indonesia’s EITI disclosures. Compared to previous reports that took 12 months to complete, the flexible approach allowed the government to publish data in four months at a reduced cost. This enabled Indonesia EITI to meet local demands for timely data on vital sources of revenue. Distribution of revenue shares to regional governments in indonesia allocation Target versus realised, according to government profit-sharing formula for 2020 fiscal year SOURCE: 2018 EITI INDONESIA REPORT OIL AND GAS MINING AND COAL 0 ALLOCATION TARGET 2020 REVISED ALLOCATION TARGET 2020 REALISED Disbursement (q1-q3) 10 20 30 40 IDR TRILLIONS 17.95 16.23 15.48 10.19 9.7 13.09 COPPER AND COBALT EXPORTS IN THE DEMOCRATIC REPUBLIC OF the CONGO 2019 Versus 2020 2019 COPPER 2019 COBALT 2020 COPPER 2020 COBALT SOURCE: DRC 2018-2019 EITI REPORT 150,000 100,000 50,000 0 15,000 10,000 5,000 0 JAN FEB MAR APR 90,580 114,805 5,744 5,612 111,350 115,829 7,313 5,300 105,672 116,183 6,438 5,623 101,891 138,984 5,286 6,453 TONNES TONNES