Transparency in the infrastructure and natural resources sector is essential for a variety of reasons. For one thing, the transparency landscape is changing with new digital technologies and democratization of data. This is shifting the value proposition that companies bring to the table. At the same time, more than ever, the public is demanding industries and governments to be transparent. IFC Sustainable Infrastructure Advisory’s transparency builds on over 13 years of government capacity building experience in improving transparency of natural resource revenues and water use in countries like Colombia, Mongolia, and Peru. Our work focuses on facilitating access to and enabling the use of information for civil society, industry and governments to improve natural resources investment processes, promote social accountability and demonstrate how natural resource wealth contributes to reducing poverty and boosting shared prosperity. IFC’s work on transparency continues to expand globally to promote action-oriented public discourse around open data and its innovative re-use for solving social problems and improving social license to operate.
Using open data and offline approaches, we catalyze multi-stakeholder dialogue and engagement amongst industry, government, digital entrepreneurs, media, local leaders, youth, and women to improve transparency in natural resources. We also help to build the capacity of infomediaries and local leaders to improve the access, adaptation and dissemination of data, and develop tools and guidelines for companies to leverage existing data better. To do this, we develop national and subnational level data assessment frameworks, guidelines and case studies, as well as knowledge products that capture global transparency trends and advance best practices.