We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

African Development Bank ranks first on Global Aid Transparency Index

Publish What You Fund, the global campaign for aid and development transparency, has named the African Development Bank the most transparent organisation in the world.

in Business, News
Reading Time: 3 mins read
0 0
0
African Development Bank ranks first on Global Aid Transparency Index
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

The Bank’s Sovereign Portfolio now ranks first out of 50 global development institutions in Publish What You Fund’s 2022 Aid Transparency Index, released today 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 from Publish What You Fund. 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. Maintaining razor sharp focus, they consistently deliver top quality under the highest levels of scrutiny. I am incredibly proud of them. I commend Publish What You Fund for their important mission, combining robust research and technical expertise with targeted advocacy and engagement to make aid and development efforts more transparent and effective.

READ MORE: Ghana: President Launches $10m Grant To SMEs In The Tourism Industry

Senior Vice President Swazi Tshabalala said: “I am absolutely delighted with this score in an index that plays a key role in helping promote openness and greater transparency among international agencies. 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.”

The African Development 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. The Index is the only independent measure of aid transparency among the world’s major development agencies. The Bank has remained consistently in the ‘very good’ category since 2014. It has consistently demonstrated its commitment to increased transparency and its extraordinary progress over the past 10 years in providing high-quality information and becoming more transparent.

More

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

Lesotho increases blood collection by 70% between 2017 and 2024

Nigeria accelerates economic transformation with key reforms and signs of recovery

READ MORE: President Kenyatta endorsed as Global Champion for Africa Adaptation Acceleration Program

Publish What You Fund’s ‘very good’ status is the highest of the five categories used to assess organisations’ transparency. The ranking is based on several criteria. They include finance and budgets, basic information data, organisational planning and performance.

The African Development Bank’s non-sovereign portfolio was assessed for the first time and separately in the 2022 Index. 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.

READ MORE: Equatorial Guinea: Alomacare Launches in Malabo, Begins Operations!

The past year has been complex and challenging for development transparency. To help fulfil development needs and ambitious global objectives such as the UN Sustainable Development Goals and the Bank’s High 5 operational priorities, more and better development finance than ever is required. This is especially so when large volumes of funding are being assigned to combat the Covid-19 pandemic.

Publish What You Fund Chief Executive Gary Foster said: “We congratulate the African Development Bank’s sovereign portfolio for achieving 1st place in the 2022 Aid Transparency Index. 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. This has been made possible because the efforts of their technical staff are matched by commitment to aid transparency from the highest levels of the organisation.”

READ MORE: Nairobi: Leaders of Sudan, Ethiopia agree to focus on peace

For the African Development Bank, transparency is more than a watchword: it contributes to continued accountability as well as accurate access to relevant Bank information. Stakeholders can, for instance, find out how the Bank is helping Africa meet its energy and infrastructure needs through the institution’s MapAfrica platform. In addition, the African Development Bank has designed a Projects Data Portal to present easily accessible data.

Source: AfDB
africanian

africanian

Africanian News

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.