World Bank partners AfDB to aid transparency

World Bank partners AfDB to aid transparency

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World Bank and the African Development Bank have taken a laudable step towards increasing transparency with the release of AfDB data on AidFlows, a website that visualises global development aid. The new data provides information on AfDB funds committed and disbursed to beneficiaries in South Africa, South Sudan, Guinea, and Sierra Leone.
AfDB’s Senior Vice-President, Mr. Frannie Léautier, said, “Transparency keeps us accountable and engaged with our partners and stakeholders. Through greater transparency, stakeholders are able to monitor the outcomes of AfDB’s operations and therefore it will help assure that benefits reach the intended beneficiaries.’’
AidFlows is a unique platform that houses comprehensive and easy-to-read aid data from a range of multilateral development banks and the OECD. Launched in 2010, it was the first platform of its kind to show global data on aid funding. AidFlows provides public access to dataw on the flow of aggregate development funds from development partners to beneficiaries.
“We applaud AfDB’s efforts to increase aid transparency and openness and welcome them to the AidFlows family. This addition helps AidFlows provide a more comprehensive picture of where development assistance is being spent and helps inform and support policy decisions,” said the World Bank’s Vice President of Development Finance, Axel van Trotsenburg.

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