Source · Select Committees · International Development Committee
Recommendation 23
23
Accepted
Require BII to use the DFI Transparency Index as a roadmap for operational transparency.
Recommendation
BII should use Publish What You Fund’s DFI Transparency Index as a roadmap to increase the transparency of its operations and public disclosures. (Paragraph 117) Investment for development: The UK’s strategy towards Development Finance Institutions 59
Government Response Summary
The government accepts the recommendation, setting a goal for BII to rank as the most transparent bilateral DFI in the next Publish What You Fund index. BII will publish a Transparency Roadmap with specific short-term milestones to achieve this.
Government Response
Accepted
HM Government
Accepted
Accept The Government agrees with the importance of BII being a leader on transparency across the DFI system and ensuring BII is a transparent and open organisation. Ministers have set BII the goal to rank as the most transparent bilateral development finance institution in the next Publish What You Fund DFI Transparency Index. BII will publish a Transparency Roadmap to articulate their ambition to be the most transparent bilateral DFI, with specific short-term milestones for delivering on this goal. BII will also place greater emphasis on using data from improved transparency - alongside their wider monitoring and evaluation work – to become a more effective learning organisation, incorporating lessons into its investment decisions and future strategy, as well as sharing knowledge across the DFI system.