World Bank launches open financial data portal

The World Bank is giving access to its financial data to the public by launching a new open data website known as the World Bank Finances website (finances.worldbank.org) which is the newest addition to the Bank’s open data website.

The web portal makes the its financials available in a social, interactive, visually compelling, and machine-readable format, the Bank says.

“The new site lets people do things they’ve never been able to do before with our data, such as find in an instant where we’ve disbursed money and then visualize that information,” said Chuck McDonough, the World Bank’s Vice President and Controller in a statement copied to ghanabusinessnews.com from the Ghana Country Office.

The statement indicates that the World Bank Finances features data-sets that cover portions of the Bank’s investments, the assets it manages on behalf of global funds, and the Bank’s own financial statements.

By Ekow Quandzie