KUALA LUMPUR, June 26 -- The African Development Bank has ranked fourth out of 47 global development institutions on its Aid Transparency Index by Publish What You Fund.
According to a statement, the Index is the only independent measure of aid transparency among the world’s major development agencies.
The index places the Bank in the highest category of transparency, along with other world class institutions such as the World Bank, Asian Development Bank and UNDP.
Publish What You Fund ranked the Bank ‘very good’ — the highest of the five categories used to assess organisations’ transparency.
The ranking is based on several criteria, including finance and budgets, basic information data, organisational planning and performance.
In the new Index, which covers the 2019 year, the African Development Bank scored 95.5 out of 100 on transparency — a significant improvement on its score for 2018.
“With such large volumes of funding now being assigned to combat the Covid-19 pandemic, it is crucial for our citizens to know how much, where and when the African Development Bank is investing in Africa’s development,” said African Development Bank Group Acting Senior Vice-President, Swazi Tshabalala.
-- BERNAMA
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