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
“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.
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