The Inter-American Development Bank (IDB) ranked 5th amongst 47 donor agencies in the 2020 Aid Transparency Index, up from 7th place in 2018.
The Index produced by Publish What You Fund is the only independent aid transparency ranking among the world’s major aid donors.
IDB’s fifth place is the result of a continuous effort and commitment to increase transparency and accountability in its operations, as stated in its Institutional Strategy. The IDB is committed to access to information as a key component of integrity and transparency
The 2020 results reveal that as part of the International Aid Transparency Initiative (IATI) Standard, agencies are increasingly publishing more extensive and better quality data .The IDB’s performance in this ranking has increased over the years, from the 11th place in 2013.
“The IDB is committed to be a highly transparent institution, and we value the rigor and independence of this index. This type of analysis motivates us to continually ensure transparency in our work”, says Hugo Flórez Timoran, General Manager of the Office of Strategic Planning and Development Effectiveness.
All 47 donors, except those in the ‘very poor’ category, are publishing IATI data about their activities and policies. In order to meet the international standard for aid transparency, information must be open, timely, comparable, and centralized.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
About the Aid Transparency Index
Publish What You Fund’s Aid Transparency Index has been assessing the transparency of major aid donors since 2011. The 2020 Index is the seventh full Index report to monitor and promote aid transparency. The report is the only independent measure of aid transparency among the world’s major aid organizations. The Index methodology has evolved over the iterations of the Index.