Christmas came early yesterday for anyone interested in seeing more effective and accountable aid, with an announcement from DFID which has raised the bar for aid transparency.
The ability to follow the money will be a game-changer for foreign assistance. Once we have in place the system to follow UK aid, it is hard to see why other donor’s will not follow suit.
DFID will be using IATI, the internationally-agreed standard and mechanism for sharing aid information. All the information that DFID produces, and the information they will require from implementing organisations and sub contractors, will be in an accessible, comparable, standardised format, making it much easier for everyone to find and use it.
As other donors move towards more transparent and traceable aid, using this international standard will make it possible to follow all aid money from any source to seeing exactly how it is being used.