New World Bank Financial Data Portal Launched

The World Bank has unveiled a new financial data website, the latest in its series of initiatives to make its aid work more transparent.

The website, dubbed “World Bank Finances,” aims to “make data related to the Bank’s financials available to everybody in a social, interactive, visually compelling, and machine readable format,” the bank says about the new initiative.

Data available in the website include information about World Bank’s own investments and assets as well as on resources the bank manages or administers on behalf of other global funds. The website includes tools that allows users to visualize data sets and share information through social media channels such as Twitter and Facebook. The information can also be downloaded in a mobile application.

The website includes unaudited World Bank financial information, a feature the bank said is in line with its goal to “make raw data publicly available in open data format as soon as it is approved for public release through other channels.”

International aid transparency campaigner Publish What You Fund has welcomed the launch of “World Bank Finances” but called on the World Bank to compile its various open data initiatives through the International Aid Transparency Initiative.

“Not only would the use of this standard format make the World Bank’s data more readily usable, and therefore valuable, but it would also represent value for money if these systems focused on compatibility from the beginning,” the group said July 21 in a statement.

>> World Bank Data now Accessible to All

>> World Bank’s Transparency Efforts Get Noted

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.