U.S. Representative

Publish What You Fund envisages a world where aid and development information is transparent, available and used for effective decision-making, public accountability and lasting change for all citizens.

The 2025 DFI Transparency Index is Publish What You Fund’s second assessment of the state of transparency among leading development finance institutions (DFIs). The 2023 inaugural Index found the state of transparency across both sovereign and non-sovereign portfolios to be very low. In this latest assessment, transparency levels have improved almost across the board. While this is encouraging news, there is still significantly more disclosure needed to facilitate the smart investments that will build emerging markets and ensure meaningful accountability to affected communities

The Index is an important measure of transparency, providing a detailed assessment of a range of DFIs’ investments and policies. As ODA declines and the role and size of DFIs increases, the importance of being able to measure and assess the performance of DFIs only increases. While there has been measurable progress across the board, there is still much more to be done to enable the building of markets in emerging economies, including better disclosure on climate finance, PCM, development impact, and assurance of community disclosure.

DFI Transparency Index 2025

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