Omidyar Network (ON) in Redwood, California, has announced that it has adopted the International Aid Transparency Initiative's data standard and will report data on its nonprofit portfolio on a quarterly basis.
IATI seeks to improve the transparency of aid, development, and humanitarian efforts in order to better tackle poverty globally. By complying with the IATI data standard and reporting its grantmaking activities, ON will make it easier for international development funders to track and learn from its efforts; give civil servants greater clarity with respect to investments deployed in their countries; make it easier for journalists and researchers to surface insights, identify trends, and report on the effectiveness of those investments; and make it easier for the aid, development, and humanitarian communities to identify inefficiencies and opportunities across the international development sector.
"We are pleased to play a small part in helping improve the efficiency and efficacy of the enormous collective efforts of international development aid," said Andrew Clarke, a principal on the policy team at ON. "If all funders participated in the IATI standard, the entire system of international development would benefit, country systems would be strengthened, opportunities for collaboration and learning would be more apparent, and grantmaking would be more informed."