Development finance is critical to global development, including achieving the Sustainable Development Goals, low-income countries recovery from the pandemic, and the commitment of $100 billion per year for climate finance. But to know whether finance and development goals are being met, and to keep institutions on track, we need better information on financial flows and how they impact development. Despite the scale of financing by development finance institutions (DFIs), few share detailed information on their private sector portfolios. This makes it difficult to assess their development impact and to foster learning within this space. Greater transparency will lay the foundation for more informed decisionmaking, more accountability, and better allocation of resources.
On November 3, the Center for Sustainable Development at Brookings hosted a virtual event to create space for DFIs, civil society organizations, the private sector, and shareholders to engage with key issues on DFI transparency. As part of the event, Publish What You Fund launched a research report Advancing DFI Transparency – The rationale and roadmap for better impact, accountability, and markets. The event also introduced our new DFI Transparency Tool.
Welcome: George Ingram, Senior Fellow, Brookings Institution
Keynote remarks: Rob Mosbacher, Former President and CEO of Overseas Private Investment Corporation
Presentation of DFI Transparency Tool and report: Gary Forster, CEO, Publish What You Fund
- Elizabeth Boggs Davidsen, Vice President, Office of Development Policy, US Development Finance Corporation
- Nadia Daar, Head of the Washington DC office, Oxfam International
- Nadia Nikolova, Lead Portfolio Manager, Allianz
- Rayyan Hassan, CEO, NGO Forum on ADB
- Tom Edmonston-Low, Director, Board and Institutional Affairs, Office of the Secretary General, European Bank for Reconstruction and Development
Moderator: George Ingram