- 2 / 9
The African Development Bank (AfDB) promotes regional cooperation and unity across the African region. Its sovereign portfolio provides non-concessional and concessional loans, grants, and technical assistance to low and middle-income governments. AfDB became an IATI member in 2011 and started publishing IATI data in June 2013. AfDB was established in 1964.
AfDB came second in the sovereign assessment with 73 out of 100. It is a publisher to the IATI Standard and has a free, bulk export available for its investment database. AfDB performed very well for Impact Management, coming first for the component. It also came in the top three for the other three components.
AfDB’s sovereign portfolio came second in the Core Information component, with 22.06 out of 30. AfDB scored for sixteen of the seventeen indicators, only failing to score for the loan agreement/contract indicator. It scored 100% for eleven of these indicators because it publishes to IATI and provides a bulk download file.
AfDB came top in the Impact Management component with a score of 28 out of 30. AfDB was the only sovereign DFI to score 100% for both activity indicators/metrics and results indicators. It also scored for all organisation-level indicators.
AfDB came second in the ESG and Accountability to Communities component with 19.67 out of 30. It scored for all organisation-level indicators apart from project-level grievance mechanism (PGM) community disclosure policy. It was one of only three sovereign DFIs to score for the independent accountability mechanism (IAM) community disclosure policy. However, it was one of two not to have a free, prior, and informed consent (FPIC) policy. AfDB scored the highest for project-level indicators. It was the only sovereign DFIs to score 100% for the E&S project plans/assessments indicator. It also scored nearly all points for assurance of E&S community disclosure. However, it failed to score for assurance of community disclosure for the IAM and PGM.
AfDB came third in the Financial Information component, with a score of 3.25 out of 10. Significantly, it scored for all indicators in this component. However, it did not score higher because project-level indicators only scored for the least accessible format of publication.
- AfDB should include more data points to its bulk download file that it already publishes elsewhere, including total investment cost, disbursement, and E&S risk category.
- AfDB should disclose other Core Information indicators including client contact and date of activity disclosure.
- It should disclose loan agreements/contracts for its investments.
- AfDB should indicate which impact standards/initiatives it is aligned to.
- AfDB should provide assurance of community disclosure about its IAM and PGMs for investments when it is required, including when, where, how, what documentation and the language it was done in.
- It should create a policy guiding the disclosure of the presence of the PGM at community level.
- AfDB should adopt an FPIC policy and a translation policy.