African Development Bank Transparency Ranking Improves – New Business Ethiopia



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The 2018 Report on the Transparency Index of Aid, published by "Publish What You Fund" ranked the African Development Bank 4 among the 45 development organizations. 2016.

The enhanced ranking reflects the Bank's operational capabilities and the effectiveness of its systems and processes, including strict adherence to the best reporting and disclosure of its programs, projects, financial badistance and interventions.

index ranked the Asian Development Bank (ADB) tops the list. ADB provides nonconcessional loans, equity investments, loan guarantees, concessional loans, grants and technical badistance to low- and middle-income governments, as well as to the private sector in Asia and the Caribbean. Peaceful.

is the United Nations Development Program (UNDP), which operates in approximately 170 countries.

Third place goes to the United Kingdom's Department for International Development (DFID), the largest bilateral aid agency in the United Kingdom. The Aid Transparency Index was the only independent measure of aid transparency in the world's leading humanitarian and development agencies. It calls for timely and accurate, comprehensive and proactive publication of all forms of aid and related development activities.

The index revealed 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 badessments, badessments and review documents and results.

According to Akinwumi Adesina, President of the African Development Bank. Transparent relationships and governance are essential and central to the impact-driven work that makes the African Development Bank the leading development finance institution in Africa. This latest ranking on the global aid transparency index reflects the Bank's alignment with its strategic priorities and its unwavering commitment to development and transparency in Africa. "

Signatory of the International Initiative for Transparency in Aid since April 2011 portal, publishing data according to International Standards of IITA i on Transparency, facilitating access, use and understanding of information related to its development expenditures.

Open Data advocates approved the index, adopted by the United Nations, l & # 39; African Union, the European Union, the United States Government and other international and regional bodies.

The report points to some challenges to the dynamics of open data, including the civic space that is shrinking for citizens and CSOs to engage in decision-making.In addition, the scarcity of official development badistance resources and the changing landscape of development pose a new set of fiscal, regulatory challenges, te technical and ethical (and opportunity) for global transparency efforts.

Almost all (93%) index now publishes its activities using the standard of the International Initiative for Aid Transparency (IITA).

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