Publish What You Fund has named the African Development Bank (AfDB) the most transparent organisation in the world.
AfDB’s sovereign portfolio now ranks first out of 50 global development institutions in Publish What You Fund’s 2022 Aid Transparency Index with a top score of 98.5.
The 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.
‘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 organisation who work tirelessly to accelerate Africa’s progress’, AfDB President, Dr Akinwumi Adesina, said.
‘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’.
It is understood that the index is the only independent measure of aid transparency among the world’s major development agencies.
According to the report, AfDB has consistently demonstrated its commitment to increased transparency and its extraordinary progress over the past ten years in providing high-quality information and becoming more transparent.
Photo source: AfDB