23 Sustaining momentum in meeting the global standard for extractive transparency The EITI holds all implementing countries to the same global standard. To monitor progress in achieving transparency, the EITI Board regularly assesses implementing countries through Validation, the EITI’s quality assurance mechanism. This process is informed by a rigorous review of disclosures and consultations with government, industry and civil society stakeholders. Since Validation was first introduced in 2016, over 300 corrective actions have been highlighted to implementing countries, of which 56% have been addressed, demonstrating that EITI implementation is steadily closing disclosure gaps in extractive sector management. Contracts and licenses Requirements 2.1, 2.2, 2.3, 2.4, 2.5, 2.6 MSG OVERSIGHT Requirements 1.1, 1.2, 1.3, 1.4, 1.5 MONITORING PRODUCTION Requirements 3.1, 3.2, 3.3 REVENUE COLLECTION Requirements 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 4.9 REVENUE ALLOCATION Requirements 5.1, 5.2, 5.3 SOCIAL AND ECONOMIC SPENDING Requirements 6.1, 6.2, 6.3 OUTCOMES AND IMPACT Requirements 7.1, 7.2, 7.3, 7.4 BEYOND SATISFACTORY PROGRESS MEANINGFUL PROGRESS INADEQUATE PROGRESS NO PROGRESS Striving for progress* PROGRESS IN MEETING THE EITI STANDARD Comparison of results from 50 first Validations and 27 second/third Validations, by EITI Requirement 10% 44% 23% 23% 18% 62% 21% 13% 52% 35% 3% 57% 30% 10% 8% 56% 29% 6% 7% 44% 33% 15% 1% 9% 32% 30% 21% 9% 12% 60% 24% 5% 6% 51% 37% 6% 8% 55% 33% 4% 6% 70% 19% 1% 4% 16% 70% 11% 3% 2% 56% 28% 2% 12% 5% 68% 26% 1st 2nd/ 3rd 1st 2nd/ 3rd 1st 2nd/ 3rd 1st 2nd/ 3rd 1st 2nd/ 3rd 1st 2nd/ 3rd 1st 2nd/ 3rd