UK development finance arm makes bid to be world's 'most transparent'
By Rob Merrick // 03 January 2024
A “Transparency Roadmap” pledged by the United Kingdom’s development finance institution, or DFI, has been praised for setting it on a path to greater openness about the impact of its investment decisions.
Ministers have set British International Investment, or BII, the ambitious target to become “the most transparent” bilateral DFI in the world — requiring a big improvement from its current ranking of 12th out of 21 on the independent Publish What You Fund index.
The task is key to an expanded poverty-fighting role for BII in the U.K.’s new development strategy, including an expectation that it will make more than half of its investments in the “poorest and most fragile countries” by 2030.
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About the author
Rob Merrick
Rob Merrick is the U.K. Correspondent for Devex, covering FCDO and British aid. He reported on all the key events in British politics of the past 25 years from Westminster, including the financial crash, the Brexit fallout, the "Partygate" scandal, and the departures of Boris Johnson and Liz Truss. Rob has worked for The Independent and the Press Association and is a regular commentator on TV and radio. He can be reached at rob.merrick@devex.com.
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