Join us on 21st July to discuss the transparency of DFIs, with a focus on our findings on the transparency of basic project information.
Right now, enormous sums are being committed by western nations to shore up the health care systems and economies of many low and middle-income countries. It is absolutely necessary and the right thing to do. In this guest blog, Rob Mosbacher considers the investments of development finance institutions, the tension between speed and effectiveness, and the role of transparency.
Our work to increase the transparency of development finance institutions (DFIs) is off to a great start; with the support of an expert group of advisors, we have selected the five key focus areas for our work over the next 2.5 years. Rob Mosbacher, former CEO of OPIC, has chaired the first meeting of the Project Advisory Board that will guide the direction of our DFI Transparency Initiative.
In the run up to the OECD Private Finance for Sustainable Development conference we ask whether ten years from now, when progress against the Sustainable Development Goals (SDGs) is tallied, we’ll be able to measure the contribution made by Development Finance Institutions (DFIs) and the private finance they’ve mobilised.
We are launching a new 2.5 year initiative to increase support for the transparency of Development Finance Institutions (DFIs). It follows a 12-month scoping exercise, and we’re now embarking on a focused, strategic programme to move things forward. Based on our initial research, and the previous work of academics, practitioners and policy-makers, we have set out a collaborative, evidence-based approach that we believe can inform and improve DFI transparency, accountability and decision-making.
Scheduled to open its doors this fall, the new US Development Finance Corporation has some ambitious and welcome goals. George Ingram and Sally Paxton consider the key issues for the new institution to address if it is to set the gold standard for a modern and transparent DFI.