Four Reasons Why Transparency is a Strategic Asset for Development Finance Institutions
Open access to information builds credibility, enhances outcomes, encourages collaboration, and attracts investment. For development finance institutions, transparency is not just a value, it’s a cornerstone for achieving sustainable progress while navigating complex financial and operational landscapes.
Listen, Manage, Learn: This Is How We Address Your Concerns at IDB Invest
The Management Grievance Mechanism serves individuals, communities, and groups seeking to voice their concerns on environmental or social issues related to projects financed or under consideration.
Transparency is good for business
One out of three Latin Americans acknowledges having paid at least one bribe in exchange for some type of benefit related to public services. In tandem with this, major corruption scandals have come to light in recent years, affecting both governments and private companies. Small and large-scale corruption and lack of transparency are present at the individual, government, and business level and adversely impact countries’ productivity and economic growth.