Publish What You Fund, the global campaign for aid and development transparency, has named the African Development Bank the most transparent organization in the world. The Bank’s Sovereign Portfolio now ranks first out of 50 global development institutions in the 2022 Aid Transparency Index, with a top score of 98.5.
African Development Bank Group President, Dr. Akinwumi Adesina said: "I am elated to learn of this outstanding recognition... 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."
The Bank achieved the highest score in the Aid Transparency Index’s ten-year history and moved into the top spot from its fourth-place ranking in 2020. We have consistently remained in the ‘very good’ category since 2014, demonstrating our commitment to increased transparency.
“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,” said Swazi Tshabalala, Senior Vice President for the African Development Bank Group.
The African Development Bank’s non-sovereign portfolio was assessed for the first time and separately in the #2022Index. The Bank is the second most transparent development finance institution dealing with non-sovereign operations. Its non-sovereign portfolio is ranked 12th among the 50 global development institutions under comparison.
“For many years now, the AfDB 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.” - Gary Foster, CEO of Publish What You Fund.
Download the full #AidTransparency Index here: https://bit.ly/3yXQOE1
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