AfDB gets high marks for development aid transparency

By AT editor - 12 July 2018 at 5:34 pm
AfDB gets high marks for development aid transparency

The African Development Bank was ranked fourth in the world in the latest Aid Transparency Index Report, an independent measure of the world’s major development and humanitarian agencies.

“The index found that while organizations provide information on the objectives of their operations, only four DFIs – the Asian Development Bank, the Inter-American Development Bank, the World Bank and the African Development Bank – publish details or summaries of their pre-project impact appraisals, evaluations and review documents and results,” the AfDB said in a statement.

AfDB has committed to the International Aid Transparency Initiative since April 2011, a standard now used by 93 percent of agencies in the index released by the Publish What you Fund organization.

“This latest ranking on the global aid transparency index reflects the Bank’s alignment to its strategic priorities and unwavering commitment to Africa’s development and transparency agenda,” said AfDB president Akinwumi Adesina.

The seven top-performing entities also include the United Nations Development Program, the United Kingdom’s Department for International Development and the United States Millennium Challenge Corporation.

The lowest scores on the transparency index went to China’s MOFCOM and the counterpart agencies in Japan and the United Arab Emirates because – although they are all major international donors – they make very little information about their projects and funding available.

The 2018 Aid Transparency Index report is available at this link.

Image: AfDB Somalia

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