The African Development Bank ranks 4th institution on global index of transparency

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The African Development Bank (AFDB) has been ranked fourth out of 47 global development institutions by Publish What You Fund, on its aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major development agencies.

The index ranked the Bank in the highest category of transparency along with other world class institutions like the World Bank, the Asian Development Bank and UNDP.

“We congratulate the African Development Bank Sovereign Portfolio on achieving 4th place in the 2020 aid Transparency Index. As large quantities of aid are being reallocated to deal with the COVID-19 emergency, the transparency of international aid is more important than ever,” said Mr. Gary Forster, CEO of Publish What You Fund.

The bank was ranked ‘very good’ the highest of the five categories which is used to assess organisations’ transparency. The ranking is based on a number of criteria, such as finance and budgets, basic information data, organisational planning and performance.

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