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.
Governments should allocate ODA budgets through the channels that will most effectively alleviate poverty and contribute to the SDGs. How do we know that development finance institutions (DFIs) are an appropriate vehicle for ODA spend? In the latest blog in our series on DFI transparency, Gary Forster teams up with CAFOD’s Dario Kenner to explore how governments and shareholders can be confident that DFI investments are delivering impact and value for money. Taking the example of the UK’s CDC Group, they ask If CDC’s portfolio is making a game-changing contribution to the SDGs.
The debate on the role of private finance in achieving the Sustainable Development Goals (SDGs) is intense and lively. The need for transparency comes up again and again. But how do we move from debate to action?