International Development Grant
Support to the Transparency Trust Fund
Project Number: CA-3-D000460001
Status: Closed
Country/Region: Unknown
Regional Focus:
Maximum Contribution: $10,000,000.00
Start Date: March 28, 2014
End Date: March 15, 2017
Duration: 3.0 years
Project Description
This project supports the Transparency Trust Fund of the Inter-American Development Bank (IDB). The IDB is the main source of multilateral funding for economic social and institutional development in Latin America and the Caribbean (LAC). It works with partners to reduce poverty and inequality and to achieve sustainable economic growth. Canada has been a member of the IDB since 1972 and holds a seat on its Board of Directors. The Transparency Trust Fund provides technical assistance to help improve accountability and transparency of institutions in LAC by supporting the implementation of policies mechanisms and practices that promote access to information and transparency. The fund also improves the financial integrity of IDB member countries by supporting activities that aim to prevent and control corruption as well as supporting responsible resource governance in the LAC region specifically in the extractives sector. Activities include: (1) helping countries implement risk-based approaches to combat money laundering; (2) providing technical and financial resources to improve legal and regulatory frameworks related to the extractives sector; and (3) applying transparent and equitable access to information and open data policies in IDB member countries.
Expected Results
The expected intermediate outcome for the contribution includes: (1) the design and implementation of policies mechanisms and practices to promote financial integrity; (2) accountable institutions; and (3) open government including extractives sector transparency.
Progress & Results Achieved
Results achieved as of December 2016 include: (1) the Fund made progress in helping strengthen country control systems where it helped in the development of the new Supreme Audit Institutions Performance Measurement Framework (SAI-PMF) developed by the International Organization of Supreme Audit Institutions (INTOSAI) in 2013 by helping pilot the tool in Barbados the Dominican Republic and Ecuador. Following the global piloting effort INTOSAI adopted the SAI-PMF framework in 2016 as the main tool to evaluate and help improve the performance of SAIs and their audit and oversight function; (2) the Fund also helped strengthen the efficiency of the Jamaican Supreme Audit Institution through the adoption of information and communication technology tools which has paved the way to a paperless audit process that has reduced processing times for audits by 1 to 2 weeks and increased the publication of different audit reports; (3) the Fund is also promoting open government in the Latin America and Caribbean region through its support of 255 public agencies in Chile in drafting and implementing new codes of ethics where more than 80% have already been drafted and adopted including by key agencies such as the Ministry of Finance and the Procurement Agency; (4) the Fund has also helped create a platform to increase the transparency of political campaign contributions as part Chile’s Electoral Service electronic portal; (5) it is also working to improve transparency in the land and housing sector where it contributed to the publication of “The State of Social Housing in Six Caribbean Countries” (The Bahamas Barbados Guyana Jamaica Suriname and Trinidad and Tobago) and published “A Methodological Framework for Comparative Land Governance Research in Latin America and the Caribbean” which identifies gaps in land governance in Latin America and the Caribbean and served as a basis for conducting five national case studies (Barbados Brazil Ecuador Panama and Trinidad
Key Information
Executing Agency:
IDB - Inter-American Development Bank
Reporting Organization:
Global Affairs Canada
Program:
YFMInternaAssistPartnershp&Programing Br
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Contributions to specific-purpose programmes and funds managed by implementing partners
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Department-Initiated