Transparency makes development more effective, and can lead to better predictability, coordination and accountability. For this reason, the European Commission is committed to publicly disclosing all information on aid programmes so that it can be more easily accessed, shared and published.
International cooperation in transparency
A strong international commitment to transparency was made at the 4th High Level Forum on Aid Effectiveness in Busan in 2011.
This commitment included to develop and use a common, open standard for electronic publication of timely, comprehensive and forward looking information on financial assistance to third countries by December 2015.
The European Commission publishes data to the OECD on an annual basis, and has been publishing monthly data to the IATI since October 2011. Since then, the Commission has steadily improved its publication, by including budgets, geo-coded location data and dates.
The performance of key representatives of the donor community worldwide is assessed through the:
- Publish what you fund aid transparency index (ATI)
- Global Partnership for Effective Development Co-operation (effectivecooperation.org) progress reports