The International Aid Transparency Initiative (IATI) is the most recent and perhaps the most successful effort to date at creating a strong community of organizations committed to aid transparency and the sharing of project/activity information.
The initiative was launched on September 4, 2008, at a High Level Forum on Aid Effectiveness held in Accra, Ghana with a recommendation to create a common set of open standards. 14 international donors pledged to expand transparency, and an agreement was reached to develop a common format for the release of aid information by 2010. This time there was demand from the partner countries who felt a strong need to have more timely information on aid flows coming into their country in part because data coming from the OCED/DAC needed to be vetted carefully before being sharing resulting in the passing of 1-2 years.
According to the Accra Agenda for Action the signatories agreed to:
- “publicly disclose regular, detailed and timely information on volume, allocation and when, available, results of development expenditure to enable more accurate budget, accounting and audit by developing countries.”
- “support information systems for managing aid.”
- “provide full and timely information on annual commitments and actual disbursements.”
The IATI Standard was agreed on 9 February 2011 in Paris. More information on IATI can be found on the IATI website.