Transparency

Transparency and accountability have emerged over the last decade as key areas for improving development outcomes and addressing development challenges. Unpredictable aid flows undermine development impact as they make it difficult for aid recipients to plan and implement development priorities. More and better quality information on financial flows and results expected to be achieved lead to more effective policy planning, programme implementation, and accountability, both at the global and at the country level.

Delivering on transparency commitments can become a reality in Busan due to recent initiatives that have already demonstrated progress in implementation and have the potential to be “game changers” as more development partners and partner countries implement them. This building block builds on the following key initiatives, which are important for accelerating progress in the area of transparency and accountability after Busan:  (i) the International Aid Transparency Initiative (IATI), (ii) Open Government Partnership (OGP), and (iii) Global initiative for Fiscal Transparency (GIFT). 

Sponsors of this building block include:

Bolivia, Burkina Faso, Colombia, the Collaborative Africa Budget Reform Initiative (CABRI), Denmark, the European Commission, Indonesia, International Budget Partnership, Mali, Moldova, Peru, Publish What You Fund, Rwanda, Sweden, Tanzania, Transparency International, Uganda, United Kingdom, United States, the World Bank and about 40 countries (development partners and partner countries) and CSOs that are signatories and endorsers of the International Aid Transparency Initiative.