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ADB Named Top Development Bank, Climbs Rankings to 5th Place in Aid Transparency Index
Source: www.adb.org/news
Source Date: Thursday, October 09, 2014
Focus: Knowledge Management in Government
Created: Oct 15, 2014

The Asian Development Bank (ADB) has been named as the top rated development bank in the 2014 Aid Transparency Index (ATI), an independent measurement of transparency ranking 68 of the world’s leading donor organizations published on 8 October. ADB ranks fifth overall and is one of only seven organizations in the top category of “very good” in the 2014 ATI, compiled each year by British nongovernment organization Publish What You Fund.

 

ADB scored 83.8%, an increase of 26 percentage points over last year’s score, when it placed 10th overall. This makes it one of the biggest improvers of 2014, according to the ATI report.

 

“The AsDB [ADB] should be congratulated on the progress made on improving the transparency of its aid information since 2013. It performs well at both the organisation and activity level,” the ATI report said.

 

The report praised ADB's strong performance, with ADB receiving the top rate among development banks this year. Institutions in the very good category include UNDP, which is ranked first, followed by DFID, Millennium Challenge Corporation, the Global Alliance for Vaccines and Immunization, ADB, Sweden, and the World Bank.

 

“A leading group of organisations are publishing large amounts of accessible, comparable and timely information about their activities,” the report said. “These organisations are making continuous efforts to improve the comprehensiveness and quality of their aid information, demonstrating real commitment to aid transparency.”

 

Through 39 indicators, ATI assesses organizations’ overall commitment to transparency as well as the information they publish at the organization level and for individual activities. ADB’s 2014 publication of aid information under the International Aid Transparency Initiative (IATI) has been expanded to include 13 additional information fields, including project documents and subnational location data. ADB also updated the terms of use to be an “open license” for its Project Records Database.

 

ADB scored 100% for organization financial information; more than 90% on organization planning, basic activity and classification information; and 80% on performance information (results, conditions, and impact appraisal). Areas to improve on included financial data for individual activities, the report said.

 

“ADB remains committed to the furtherance of aid transparency and will continue working closely with development partners on this important matter,” said Kazu Sakai, Director General of ADB’s Strategy and Policy Department.

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