Contributor: Publish What You Fund
Aid transparency matters for many reasons – from improving governance and accountability and increasing the efficiency and effectiveness of aid to lifting as many people out of poverty as possible. At present, countries that receive international aid have little way of knowing how much aid is coming in to their country and how it is being spent. Donors often face serious challenges in establishing where and how their help is most efficient and effective.
Aid transparency involves publishing information on aid flows and all donor, recipient country and NGO efforts, which have developmental or humanitarian impacts. This should include the origin and destination of aid, as well as the purpose, conditions and contracts of the aid itself. When comparable and available, this information benefits both donors and recipients in assessing their effectiveness and impact.