As the 2016 Aid Transparency Review shows some improvement for the two main European lenders, they are still far from reaching satisfying transparency standards.
Operational transparency standards at the European Investment Bank and the European Bank for Reconstruction and Development continue to deteriorate, according to the 2014 Aid Transparency Index (ATI) published in October by aid watchdog Publish What You Fund (PWYF).
As the European Bank for Reconstruction and Development revises its safeguard policies, the Aid Transparency Index ranks its commitment to openness and transparency as the weakest in comparison with similar institutions.
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