The DFI Transparency Initiative is about to release its latest working paper on environmental, social and governance (ESG) and accountability to communities. Fran Witt (Economic Justice and Climate Change Consultant) and Fidanka Bacheva-McGrath (EBRD Policy Officer, Bankwatch) provide a CSO perspective on the transparency and accountability challenges for public development banks (PDBs). They argue that PDBs have much work to do in order to meet their commitments to the rights of project-affected communities.
This is the third in our Gender Financing project’s Data Diary series. Swechchha Dahal shares her experiences, and those documented in the interviews for the Project, on the need for greater collaboration and engagement between government and civil society organizations (CSOs). She discusses how coordinated reporting mechanisms can provide better evidence for CSO advocacy and government accountability – and why this is important for gender equality. The blog is also available in Nepali.
The US International Development Finance Corporation (DFC) recently invited public comments on its draft transparency policy and draft policy on public engagement by the DFC Board of Directors. The draft policies are a step in the right direction, but additional actions can be taken to improve the transparency and accessibility of the DFC’s data. George Ingram and Sally Paxton highlight steps that could help the DFC reach its commitment to be the gold standard for transparency among development finance institutions.
Gabriela Muñoz, Consultant for the Gender Financing Project, shares her experiences, and those documented in the interviews for the Project, on the risks transparency brings for Guatemalan community-based organizations that promote gender equality. This is the second in our gender data diary series, and is also available in Spanish.
There is an increased need for clear and consistent data on the extent to which bilateral and multilateral donors are prioritizing gender equality in their financing, and to what end. Without accurate data on the funding of and results from gender equality projects, we cannot hold donor institutions accountable for their gender equality commitments, nor ensure that funds spent are meeting populations’ needs. Preliminary findings from the Gender Financing Project shed light on how donors are spending on global gender equality—and what we still don’t know based on available data.
Karen Mathiasen is a strategic advisor to Publish What You Fund’s DFI Transparency Initiative. Here she draws on her decades of experience at the World Bank and the US Treasury to illustrate the challenges and opportunities for the IFC in light of the recent publication of their CAO review.