Finance

AfDB ranks 4th on transparency

STAFF REPORTER


The African Development Bank (AfDB) has been ranked as the 4th most transparent institution, in a vote of confidence in the bank’s operations.


Publish What You Fund ranked AfDB 4th out of 47 global development institutions on its Aid Transparency Index.


The Index is the only independent measure of aid transparency among
the world’s major development agencies. The index places the AfDB in
the highest category of transparency along with other world-class
institutions such as the World Bank, the Asian Development Bank, and
UNDP.


“We congratulate the African Development Bank – Sovereign Portfolio on achieving 4th place in the 2020 Aid Transparency Index. As large quantities of aid are being reallocated to deal with the COVID-19 emergency, the transparency of international aid is more important than ever,” said Gary Forster, CEO of Publish What You Fund, which has produced the index each year since 2011.


Publish What You Fund ranked the Bank ‘very good’ — the highest of the five categories used to assess organisations’ transparency.

The ranking is based on several criteria, including finance and budgets, basic information data, organisational planning, and performance.

In the new Index, which covers the 2019 year, the African Development Bank scored 95.5 out of 100 on transparency, an improvement on its score for 2018. “It is promising to see an increase in the quantity, quality, and timeliness of aid data now being shared by a broad cross-section of the world’s major aid agencies.

As we work together to fill the gaps in the aid data landscape, we look forward to exploring how we can best meet the demand for data and data
engagement,” Forster said.


Publish What You Fund is the global campaign for aid and development transparency

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