• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Publish What You FundPublish What You Fund

The Global Campaign for Aid and Development Transparency

  • RSS
  • Twitter
  • Vimeo
  • Youtube
  • LinkedIn
  • Facebook

NEWSLETTER

CONTACT

  • Why it matters
    • Why transparency matters
    • The Story of Aid Transparency
    • What you can do
    • FAQs
    • Case studies
  • The Index
    • 2022 Index
    • Comparison Chart
    • Methodology
    • Index Archive
    • Tools
  • Our Work
    • Women’s Economic Empowerment
    • DFI Transparency
    • Gender Financing
    • Humanitarian Transparency
    • US Foreign Assistance
    • Data Use
    • IATI Decipher
    • Improving UK Aid Transparency
    • Webinars
    • Work Under Development
  • News
    • News
    • Events
    • Blog
    • Reports
  • About Us
    • Board
    • Team
    • Friends of…
    • Our transparency
    • Annual Reports
    • Our Funders
    • Jobs
Show Search
Hide Search
Home / Blog / Investing in transparency for better project results
blog

Investing in transparency for better project results

By Guest | Oct 11, 2013 | Blog

Guest post by Philippe de Fontaine Vive, European Investment Bank

We are all witnessing the ever growing demand for more transparency and information about the activities and impacts of governments and public institutions. This trend is supported by new opportunities based on technology and tools that make it easier to access, analyse and share information and data. And therein lies great potential to achieve global objectives such as making aid and development finance more efficient, accountable and, ultimately, increasing its impact on the ground.

Within this context, the International Aid Transparency Initiative (IATI) is key in bringing about more transparency in aid and development finance flows, based on a common standard. We at the European Investment Bank (EIB), the largest multi-lateral lender, have decided to support and join this initiative. We are now working with the IATI Secretariat to set in place the necessary systems and procedures to implement the IATI reporting standard.

The EIB is active in more than 160 countries worldwide and a significant part of our activities take place in developing countries.

Unlike the majority of signatories to IATI, we do not provide grants, but loans and investments for projects that support, for example, private sector development, climate action and key infrastructure – the building blocks for inclusive and sustainable growth in countries. We also implement a major share of our activities with clients from the private sector, e.g. local banks in developing countries that finance small-and-medium-sized enterprises. Our business model is therefore naturally different from that of a donor agency. But we nonetheless think that institutions like the EIB, as a provider of development finance, play a crucial role in international development, and we would like to add to the tremendous results that have been achieved already.

Signing up to the International Aid Transparency Initiative (IATI) will also reinforce a series of other steps that we are taking to continuously improve our transparency and the impact of our operations. Our Transparency Policy, for instance, commits us to the highest transparency standards in our day-to-day work and we are currently setting up a public register of documents. We have also implemented a new system that aims at better assessing and measuring the results of our operations.

Transparency alone will not lead to better results or higher impact immediately. It will not guarantee us more economic growth, more efficient use of scarce resources or achievement of all of the objectives enshrined in the aid effectiveness agenda. But without transparency, it is extremely difficult to imagine, or indeed know, that we arrive at any of these targets. We see it as an important condition that pays off in the long-run through a more informed dialogue and better insights in the results of our projects.

thumbPhilippe de Fontaine Vive is Vice-President of the European Investment Bank. His responsibilities include transparency and relations to civil society. 

Primary Sidebar

NEWS Topics

Africa Agriculture Aid transparency Aid Transparency Index Australia Budget ID Canada China Climate Change Data Revolution Data use Data Visualisation Development Finance institutions DFI Spotlight DFI Transparency Tool European Commission Financing for Development France Freedom of Information Gender Germany GPEDC Humanitarian International Aid Transparency Initiative Japan Jobs Joined-up data Kenya Letters MDGs Newsletter Open data Open government Press Releases Publish What You Fund Road to 2015 Sustainable Development Goals Sweden UK United Nations US US foreign assistance Webinar Women's Economic Empowerment World Bank

NEWS CATEGORIES

  • Blog
  • Case studies
  • Events
  • News
  • Uncategorized

REPORTS

  • Aid transparency
  • Aid Transparency Index
  • China
  • Climate Change
  • European Union
  • Multimedia
  • United States

Twitter

  • How can you build a database of @IATI_aid and @OECDdev data? We’ve just published our methodology for merging aid… https://t.co/m5euZdnNhO
    Aug 15, 2022
  • How can you capture all the #globaldev data to track funding flows? Our new blog and methodology sets out how we m… https://t.co/QQJPPEPu7s
    Aug 10, 2022
  • We’ve developed an exciting new approach for analysing identified needs of climate vulnerable countries against int… https://t.co/OLq5Si88I9
    Aug 4, 2022
FOLLOW US
  • Contact Us
  • Copyright
  • Privacy Policy
  • RSS
  • Twitter
  • Vimeo
  • Youtube
  • LinkedIn
  • Facebook

Publish What You Fund. China Works, 100 Black Prince Road, London, SE1 7SJ
UK Company Registration Number 07676886 (England and Wales); Registered Charity Number 1158362 (England and Wales)