Washington, D.C., January 31, 2017
—IFC, a member of the World Bank Group, on Tuesday joined the International Aid Transparency Initiative (IATI), and will now publish data on its investment projects to the IATI’s data platform, broadening access to information on its private sector activities in development.
IATI is a voluntary, multi-stakeholder initiative that seeks to improve the transparency of development resources in order to increase their effectiveness in tackling poverty. By providing a common framework and data platform, IATI aims to make information about development activities easier to access, use, and understand.
“We are delighted that the IFC has published thousands of activities to the IATI Standard and will be joining our initiative as a member," said Stephen Potter, Chair of IATI. "We celebrate IFC’s commitment to increasing transparency and to open data for development. Resources provided by international finance institutions are an important component of development finance. We look forward to working with IFC and to IATI participation by an ever-broadening range of development organizations”.
“Transparency is critical to enhancing good governance, accountability, and development effectiveness,” said IFC Executive Vice President and CEO Philippe Le Houérou. “IFC’s membership in IATI underscores our commitment to our data quality and accessibility.”
As an IATI member and publisher, IFC will continue to work closely with IATI and other peer publishers to improve and advance international standards on transparency as the business of development finance evolves and new technology becomes available.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org
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