KfW Launches Extended Portal on Cooperation with Developing Economies
OREANDA-NEWS. KfW Development Bank has expanded its transparency portal: Interested parties now have access to comprehensive information as to how the promotional bank uses both public and its own funds in around 140 new projects in developing and emerging economies. The portal provides detailed information on projects supported by KfW on behalf of Federal Government and other donors and which began after 1 January 2013. The information shows how funds are applied and and how this impacts on the people affected.
KfW also provides information through aggregate data on the countries and sectors in which it has worked since 2007. The data compiled over this period can be accessed on the new portal. “Our transparency initiative provides the public with an account of our collaboration with developing and emerging economies,” Dr Norbert Kloppenburg stresses, Member of the Board of KfW.
Here, KfW focuses not only on transparency in house, but also supports transparency in its partner countries. “We are convinced that transparency reduces corruption, leads to greater responsibility and encourages mutual accountability,” Dr Kloppenburg says. The new, modern portal takes its lead from the needs of the user. With only a few clicks of a mouse, interested parties can find out in which countries and sectors KfW is active. Graphics also illustrate how money is used on projects and where it comes from.
The presentation is based on the support categories used by the Organisation for Economic Cooperation and Development (OECD). This allows a comparison with other donors and organisations which have international development initiatives. Data can also be downloaded in the “open data format”.