The UK government has published its latest Open Government Partnership National Action Plan, but it has failed to include a commitment on the transparency of aid spending and failed to gain civil society support. Urgent action is now needed to improve aid transparency, build public trust and accountability.
This blog discusses the DFI Transparency Tool’s fourth component – financial information – and argues that improved disclosure of both mobilisation and concessionality is critical to scaling up financial flows in support of the Sustainable Development Goals and achieving development impact.
This blog examines the importance of ESG and accountability to communities – the third component of our DFI Transparency Tool. It reviews how the rights-based approach for access to information has affected the ESG disclosure of development finance institutions. It welcomes the shift towards presumption of disclosure from DFIs, and discusses why a commitment to pro-active disclosure of all ESG information is needed for openness and accountability to the public and project-affected communities.
Looking at the second component of our DFI Transparency Tool, this blog argues that the “development scores” produced by new DFI impact management systems are of limited value. DFIs should instead focus on disclosing the granular impact data that informs these scores.
This blog introduces the first of the components of our DFI Transparency Tool, core information. It expands on the theme of uneven progress in improving transparency, and reflects on why and how we initially focused our research on the basic information that provides the foundations for true transparency.
In this blog, Paul James discusses our experience of researching DFI transparency for the last two years, looking both at how the industry has changed for the better in recent years and the amount of work that still needs to be done.
