Transparency and accountability have been key principles guiding the EBRD’s work since its establishment in 1991 and occupy a prominent place in our Access to Information Policy
As the most recent version (April 2019) of the Access to Information Policy stresses: ‘the EBRD is committed to enhancing transparency and accountability, improving discourse with affected stakeholders and fostering good governance in respect of all its Operations and Activities, so as to promote economically and environmentally sustainable transition in its recipient countries and economies of operations, with emphasis on the private sector’.
As part of its commitment to openness, the EBRD seeks to provide accurate and timely information regarding its operational activities. By providing such information to economic decision-makers the EBRD also helps to improve the stability and efficiency of markets, and promotes adherence to internationally-recognised standards. Its approach is guided by international standards on transparency.
Those standards have evolved over the years in line with rapidly improving technology and new expectations on the part of civil society and others as to how openness should be defined.
The International Aid Transparency Initiative (IATI)
The IATI Standard is a format and framework for publishing data on development cooperation activities, intended to be used by all organisations in development, including government donors, private sector organisations, and national and international NGOs. The standard was designed to ensure maximum relevance and utility for data users.
The EBRD and IATI
Since May 2015, the EBRD has been publishing data on its investment operations and key documents about its activity via IATI and to the IATI standard.
It has also made public its IATI implementation schedule in line with the agreed standard for DFIs (Development Finance Institutions) and IFIs (International Finance Institutions).
By joining the dozens of other organisations already reporting their data to IATI, the EBRD took significant strides towards fulfilling the commitments to transparency, accountability and openness we made at our creation.
These efforts have been recognised and the EBRD improved markedly its score on the Publish What You Fund’s Aid Transparency Index
(an independent measure of aid transparency of the world’s major donor organisations)– with a jump of 32 points between 2014 and 2018.
Operating principles for impact management
Every year we disclose the alignment of our impact management systems with the Operating principles for impact management and, at regular intervals, arrange for such alignment to be independently verified.