New financial transparency program to launch
Written by The Flat Hat|
March 18, 2010
AidData, a new public website and search engine tracking development finance flows, will bring much more transparency to the complex – and often shadowy – world of development finance.
AidData is a collaborative effort of the College of William & Mary, Brigham Young University and Development Gateway, an international nonprofit organization. The first version of the AidData web portal will be launched at a conference March 22-25 in Oxford, UK.
“Of course, this is not a ‘silver bullet’ solution to the problem of corruption, but I think transparency makes it much more difficult for donor governments and recipient governments to spend money for purposes that it was not intended to serve,” Stephen Davenport, director of aid effectiveness at Development Gateway, said.
By providing innovative web tools and access to the largest collection of development finance activities in the world, the creators of AidData hope to shed light on both the triumphs and failures of federal aid.