The mobilisation of private finance for development outcomes was a central part of the discussions during the recent Paris summit, with more emphasis placed on the need to mobilise “at scale”. However, without improved measurement and increased transparency, it will be impossible to tell whether or not these new commitments deliver on their promises.
Reflecting on the findings of the DFI Transparency Index and the discussions which took place at its launch, George Ingram and Sally Paxton ask what we know now about how DFI resources are deployed, what change has happened and what needs to happen next.
The first ever ranking of the transparency of development finance institutions (DFIs) highlights a startling lack of public disclosure. The inaugural edition of the DFI Transparency Index examines the transparency of 30 DFI operations, with combined assets of $2 trillion. It reveals that across the board DFIs are insufficiently transparent.
We have just commenced work on a new DFI Transparency Index, which will assess the transparency of some of the world’s leading bilateral and multilateral Development Finance Institutions (DFIs). This blog sets out the timeline and process, how this index differs from the Aid Transparency Index, and which DFIs we’ll be assessing and ranking.