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The African Development Bank’s (AfDB) sovereign portfolio has been acclaimed as the most transparent in the 2024 Aid Transparency Index, released by the global advocacy group for aid and development transparency, Publish What You Fund.
For a second time running, the result highlights the Bank’s continued effort and prioritisation of good-quality data publication.
The portfolio emerged first out of 50 global development institutions with a top score of 98,8 in 2024, according to the report.
The report commended the Bank for detailed publication of project objectives, impact appraisal documents, environmental studies and evaluation reports – a total of over 29 documents in both French and English.
What the AfDB president said:
“It is a testament once again to the commitment of the Bank’s Board, management, and staff to continuously improve the disclosure of aid flows by providing consistent, high-quality, and easily accessible data,”
“This achievement is especially significant given the new, more rigorous assessment standards and transparency requirements for development financial institutions.
The rating of our sovereign portfolio as the most transparent development organization in the world for the second consecutive time, is simply extraordinary,” Adesina said.
The 2024 Index assesses six sovereign (public sector) portfolios and six non-sovereign (private sector) portfolios of development finance institutions (DFIs).
The sovereign portfolios of development finance institutions occupy three of the top five positions in the ranking with the African Development Bank coming first, the InterAmerican Development Bank second and World Bank International Development Association fourth. – Business Insider Africa
Online Reporter