ADB Improves Aid Transparency By Joining Aidflows.Org

MANILA, PHILIPPINES (2 February 2012) – The Asia Development Bank (ADB) is helping provide a clearer picture of how much development aid is provided and received around the world by joining AidFlows, in partnership with the World Bank and Organization for Economic Co-operation and Development.

The addition of ADB’s data provides an expanded view of the aid picture. “New sources of data provide greater transparency, making information easily available to policy and decision makers,” said Hong Wei, ADB’s Director of Strategy and Policy Department. “We are pleased to be a part of AidFlows and the broader open data effort.”

AidFlows is a one-of-a-kind website that provides an aggregate view of data on official development aid, including funding from donors, from OECD countries and from multilateral development banks such as ADB. Breakdowns are available by amount, sector, and type of financing, from both donor and beneficiary perspectives.

The website’s concise, user-friendly format provides a visual portrayal of the volume and structure of aid funding, using charts, graphs and maps to show how much aid is provided by donors and how much is received by beneficiaries.

The goal is to increase transparency by providing the public with a tool for easy access to information such as which countries and which sectors receive how much of global aid, and who the main contributors are at the institutional level. The site also allows users to compare aid flow information between individual countries.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.

ENDS

© Scoop Media