FONPLATA, a development bank based in Latin America, has begun publishing data on its finances and activities to the International Aid Transparency Initiative (IATI).
Owned by five member countries—Argentina, Bolivia, Brazil, Paraguay, and Uruguay—FONPLATA supports inclusive and sustainable development through loans and technical cooperation.
The bank has shared data on 105 development activities and 762 financial transactions, spanning from 2014 to the present. The publication provides a transparent view of FONPLATA’s work of financing small- and medium-sized public sector projects including infrastructure, social development, environmental resilience, and cross-border integration.
By publishing its data to IATI, FONPLATA says it aims to increase the visibility and impact of its operations and support more effective coordination with partners across the region.
"Publishing detailed information on the projects we finance allows us to align with best practices in development cooperation” — Luciana Botafogo, Executive President of FONPLATA
Luciana Botafogo, Executive President of FONPLATA, said: “By joining the international IATI initiative, we reaffirm our commitment to transparency, accountability, and multilateral cooperation.
"Publishing detailed information on the projects we finance allows us to align with best practices in development cooperation”.
FONPLATA’s data includes information on project locations, sectors, and financial flows (including commitments and disbursements). By making this information publicly available, FONPLATA hopes it will become a valuable resource for its member countries, partners, and the wider development community. Internally, the bank said it expects the IATI Standard to strengthen its own monitoring, evaluation, and strategic planning.
“This open and standardised platform facilitates access to key data, strengthens the trust of our partners and beneficiaries, and promotes greater efficiency in project implementation", Luciana Botafogo said.
FONPLATA’s engagement reflects the growing value that development finance institutions (DFIs) recognise in IATI. By publishing to a shared, open standard, DFIs can:
While aligning internal systems to the IATI Standard involved complex processes, the FONPLATA said that strong internal coordination and technical support from the IATI Secretariat helped ease the transition. The bank now plans to use comparative IATI data as input into its upcoming institutional strategy and corporate results framework.
"We warmly welcome FONPLATA as one of a growing number of development banks publishing their data to IATI" —Yemesrach Assefa Workie, IATI Executive Director
Yemesrach Assefa Workie, Executive Director of IATI, said: “We warmly welcome FONPLATA as one of a growing number of development banks publishing their data to IATI. This is a positive step for transparency and cooperation in the Latin American region. We congratulate FONPLATA on their commitment to open data and look forward to seeing how their information supports stronger coordination and results.”
Explore FONPLATA’s IATI data and learn more about how IATI supports transparency in development finance: IATI Case Studies.