After two years of negotiating, the 18 donors of the International Aid Transparency Initiative (IATI) agreed on 9th February the final details of a new global standard for publishing aid information. With this format in place that will make aid information internationally comparable, more information will now be better information.
The new aid transparency standard provides a common language and format and a single way that donor countries can share information on the aid they are spending. With this format it will now be possible to build a bigger picture of aid activities which means that donors and recipients can coordinate their plans and complement the activities of others, reducing duplication and waste. However, to see the bigger picture, we need more data.