Technocrat Media
‘Publish What You Fund’, the global campaign for aid and development transparency, has ranked the African Development Bank (AfDB) as the most transparent organisation in the world.
The group said AfDB’s Sovereign Portfolio now ranks first out of 50 global development institutions in the 2022 Aid Transparency Index, having scored 98.5 per cent.
The 2022 report was released on Thursday and published on its website.
Reacting to the development, Dr. Akinwumi Adesina, President of AfDB, said: “I am elated to learn of this outstanding recognition from Publish What You Fund.
“It is a testament to the relentless efforts of the more than 2,000 personnel across our organization who work tirelessly to accelerate Africa’s progress. Maintaining razor-sharp focus, they consistently deliver top quality under the highest levels of scrutiny. I am incredibly proud of them.
“I commend ‘Publish What You Fund’ for their important mission, combining robust research and technical expertise with targeted advocacy and engagement to make aid and development efforts more transparent and effective”.
Also, the senior vice president of the bank, Swazi Tshabalala, said: “I am absolutely delighted with this score in an index that plays a key role in helping promote openness and greater transparency among international agencies.
“The Bank has worked hard over the years to improve the disclosure of its aid flows by providing consistent, high-quality, and easily accessible data. Our top ranking has significant human and financial resource implications, as this is the only way to conduct our development business.”
According to the bank, the highest score in the Aid Transparency Index’s ten-year history had moved it into the top spot from its fourth-place ranking in 2020.
AfDB noted that the index is the only independent measure of aid transparency among the world’s major development agencies, adding that the bank has remained consistently in the ‘very good’ category since 2014.
It has consistently demonstrated its commitment to increased transparency and its extraordinary progress over the past 10 years in providing high-quality information and becoming more transparent.
Chief Executive of ‘Publish What You Fund’ Gary Foster, congratulated the AfDB’s sovereign portfolio for achieving 1st place in the 2022 Aid Transparency Index.
He added that for many years, the bank has engaged to understand the demands of the Index, and they have then re-engineered their approach to disclosure, accordingly publishing more comprehensive higher quality data.
This has been made possible because the efforts of their technical staff are matched by a commitment to aid transparency from the highest levels of the organisation, he said.
Other top organisations on the index include the World Bank-IDA scored 97.1 came second and Inter-American Development Bank (IADB) scored 96.3 came third.
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