The PNG Extractive Industries Transparency Initiative (PNGEITI) is a PNG Government initiative established in 2013 to promote accountability and transparency of revenue received from the country's mining, oil and gas sector and how it spends these funds. PNGEITI is part of a global best practice standard known as the Extractive Industries Transparency Initiative that promotes good governance in the extractive sector. The PNGEITI implements the Global EITI Standard through its Multi-Stakeholder Group comprising of government representatives, extractive industry representatives and the Civil Society Groups.