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.