Publish What You Fund

Development Initiatives welcomes the appointments of David Lammy as Secretary of State at the Foreign, Commonwealth and Development Office, and Anneliese Dodds as Minister of State for Development. A reconnected Britain can help lead efforts to tackle #ClimateChange, conflict, #gender inequality and poverty with a data-driven approach. Working with partners in the Global South, the UN, G20, G7, international financial institutions and beyond will be critical. We welcome the commitment to return aid spending to 0.7% of Gross National Income. The UK should establish a clear direction of travel on this in the coming months, and ensure that #ODA is targeted where it is needed most, reducing #poverty in lower income countries and leaving no one behind. We welcome the commitment to restore order to the #asylum system. Providing vital support to #refugees at home should not come at the expense of global poverty reduction efforts. Both needs should be met and separately financed. The UK has a major opportunity to put #data at the heart of aid transparency and accountability in two ways. First, the Foreign, Commonwealth and Development Office and other aid-spending departments should lead by example, by achieving a 'very good' rating for their reporting in the Publish What You Fund Aid Transparency Index. Second, a reconnected Britain should invest in data systems to improve understandings of who is impacted by poverty, inequality and crises in developing countries, help track progress in delivering its promises and harness emerging technologies such as #AI for public good. To deliver an approach based on genuine respect and partnership with the Global South, the UK should take a ‘bottom-up’ approach to localisation, ensuring that more #humanitarian funding reaches local and national actors. The UK should invest in better gender-disaggregated data to empower #women and #girls and other marginalised groups, and should also promote women’s leadership with flexible funding for women’s rights organisations. To have a chance of meeting the goals of the Paris Agreement, the UK should champion a dramatic scale-up of new and additional #ClimateFinance, and more transparent, detailed and consistent reporting to restore trust by developing countries. Development Initiatives welcomes engagement with the new government on all of these issues, alongside our partners at Bond UK.

Our Aid Transparency Index team has checked over 18,500 documents and datapoints to compile the 2024 ranking of the world’s most transparent aid and development agencies. Here’s a quick explainer from Elma Jenkins on why it’s so rigorous: #2024Index #aidtransparency #aiddata #devaid

Vacancy: Research and Project Assistant Are you skilled in constructing and analysing large datasets? Do you want to use your research and support skills to improve the transparency of aid and development finance? We are looking for a detail-oriented, numerate Research and Project Assistant to support with data collection and research for our development finance team. This is a full-time staff position for twelve months, based in the UK.   See more details and apply here: https://lnkd.in/erVRZP88 #GlobalDevJobs #ResearchJobs

As talks on IDA21 replenishment continue Sally Paxton calls for a re-examination of the IDA Private Sector Window to see if it is actually mobilizing the private sector:   https://lnkd.in/e6hRRm6p And the Private Sector Window is just part of the larger need to scale up private sector mobilization during reform of the multilateral development banks: https://lnkd.in/eWj-HJhP #MDBReform #IDA21 #Mobilization #BlendedFinance Nancy Lee Samantha Attridge Charles Kenny Modernizing Foreign Assistance Network (MFAN) Hans Peter Lankes Margaret Kuhlow Karen MathiasenThe World Bank

You can catch up on yesterday’s discussion on how we can better measure, report and understand mobilisation in our efforts to close the SDG and climate finance gaps here: 📽 https://lnkd.in/ew62swdz And a reminder that we are seeking feedback on our new proposal “Crowding in: An advanced approach for measuring and disclosing private capital mobilisation” – you can download the report and provide your feedback here: 🔗 https://lnkd.in/eFP2VBvH #Mobilisation #MDBs #DFIs #ImpInv

We need better mobilisation data to understand how to close the SDG finance gap. DFIs & their stakeholders need a better way to identify the most effective mechanisms to increase the flow of private capital to emerging markets & developing economies.   Ahead of the launch event next week, Gary Forster and Nancy Lee examine why and how Publish What You Fund is proposing improvements to the measurement and transparency of private capital mobilisation.   https://lnkd.in/e7Qhfq66   #Mobilisation #SDGs #DFIs #MDBs 

📢 Today we’re launching our new proposal on improving the way in which private capital mobilisation (PCM) is measured, following extensive multi-stakeholder engagement. Our proposal builds on existing work from the MDB Task Force on mobilisation and the OECD. We propose that the measurement of private capital mobilisation includes: -       Secondary transactions, including exits and securitisations. These mechanisms can incentivise “originate to share” DFI business models, and offer powerful tools for DFIs to free up capital and transfer risk to the private sector. -       Balance sheet mobilisation – including issuance of hybrid capital and bonds. These treasury actions allow DFIs to mobilise private capital at scale and to increase development financing. We will be consulting on this proposal until 14 June. Please visit our website to see the full proposal and submit your feedback: https://lnkd.in/eFP2VBvH 📅 And join our launch with the Center for Global Development on 16 April to discuss the importance of mobilising more private capital in emerging markets and developing economies, how MDB approaches need to evolve and the best ways to disclose, assess, and report on their performance. Register here: https://lnkd.in/e7dmheBr #CrowdingIn #Mobilisation #ImpInv