• Business - Companies
  • Updated: July 14, 2022

AfDB Ranked Most Transparent Organisation

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

Gary Foster, Publish What You Fund Chief Executive 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 a commitment to aid transparency from the highest levels of the organisation.”

Also speaking on the award, Dr Akinwumi Adesina, President, African Development Bank Group, 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 organisation 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.”

Senior Vice President Swazi Tshabalala added: “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.”

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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