The forthcoming 2025 DFI Transparency Index includes most of the world’s leading bilateral and multilateral development finance institutions (DFIs). However, a group of seven bilateral DFIs with trillions of dollars in assets are not included. Why? The top line answer is that their levels of transparency are so low that no meaningful assessment is possible. This blog explores some of those unassessed DFIs, where their disclosure practices fall short, and the real world consequences of this lack of transparency.