Transparency Fund
The Transparency Fund (AAF) was created in 2007 following an agreement between the IDB and the Norwegian Ministry of Foreign Affairs, which provided an initial contribution of approximately US$5 million. Since then, the AAF has received additional contributions from the IDB (2011), Norway (2012, 2013, 2018 and 2019), Canada (2014), MasterCard (2014), Italy (2017) and Sweden (2017), totaling more than US$25 million. The Fund supports institutional and regulatory reforms to improve transparency and integrity through three closely related approaches (i) alignment with international regulations and standards, (ii) targeted transparency, and (iii) the use of innovation and technology. The AAF represents a strategic tool to align with the Bank's Update of the Institutional Strategy and promote a sectoral approach.