Inter-American Development Bank Joins Forces with World Bank to Make Development Funding Data More Transparent
December 9, 2013
WASHINGTON, December 9, 2013 - The Inter-American Development Bank (IADB) took an important step toward increased transparency today with the release of key IADB data on AidFlows (www.aidflows.org), a joint World Bank-OECD website.
AidFlows provides a platform for reliable data on the flow of global development funding on a country-by-country basis. The site is organized by sources and uses of funds, making it easier for development decision makers and practitioners to find information about the amounts and types of development flows from funders to recipients around the world. Users can view data on outflows or inflows by contributor or recipient country, showing development finance information aggregated by the World Bank, OECD, and the various partner multilateral development banks.
The addition of IADB expands the AidFlows data landscape with a more detailed focus on flows to Latin America and the Caribbean, as well as links to MapAmericas, IADB’s online results mapping platform, for each recipient country.
The Islamic Development Bank also recently joined the partnership, and its data will soon be displayed on the AidFlows site. New sources of data provide greater accuracy and transparency, making more information available to policy makers and decision makers to help them make informed decisions.
“While there is already much information out there, a consolidated picture of aid flows by country and institution is hard to find. It is essential to provide decision makers with this data, and we are delighted to be working with the IADB on this project,” said Joachim von Amsberg, the World Bank’s Vice President of Concessional Finance & Global Partnerships. “AidFlows is one more measure of the World Bank’s commitment to transparency and results.”
AidFlows is the result of a partnership between the OECD, the World Bank, the Asian Development Bank, the Inter-American Development Bank, and the Islamic Development Bank. AidFlows was officially launched at the 2010 Annual Meetings as part of the Bank’s Open Data Initiative to make global data on development funding more easily accessible. While initially sharing World Bank and OECD data, the expansion of AidFlows has been made possible by the open data initiatives within various governments and public and private institutions around the world.