The International Aid Transparency Initiative (IATI) is a global campaign to create transparency in the records of how aid money is spent. The initiative therefore hopes to ensure that aid money reaches its intended recipients. The ultimate goal is to improve standards of living worldwide and globally reduce poverty. According to the IATI statement, aid donors should;
(i) Publicly disclose regular, detailed and timely information on volume, allocation and when, available, results of development expenditure to enable more accurate budget, accounting and audit by developing countries.
(ii) Support information systems for managing aid.
(iii) Provide full and timely information on annual commitments and actual disbursements