To help development finance institutions (DFIs) address perceived barriers to transparency and to guide improved disclosure, Publish What You Fund has compiled the Disclosure Example Book. It is intended to show what is possible in terms of DFI disclosure and to be a useful resource for anyone working to strengthen DFI transparency.
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.
This blog discusses the DFI Transparency Tool’s fifth component – financial intermediaries. Farzana Ahmed outlines why financial intermediaries are a significant aspect of DFI investments. She considers the importance of transparency of financial intermediary investments in order to understand their impact and allow community accountability efforts.
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.
