The World Region
Where are IFC’s SME clients located? How much has IFC invested in infrastructure projects in Africa? How have IFC’s investments in different sectors changed and grown over time?
For the first time, users will be able to find the answers to these and many more questions about International Finance Corporation’s (IFC) work on the World Bank Group’s Open Finances website. Eight data sets with detailed information on IFC’s financial commitments and projects are now available for the public to slice, visualize and share in the ways that they choose.
Last week, on my way home from work, I met a young man raising funds for a charity. He stood outside of a subway station and as part of his pitch, he asked, "if you could have any superpower, what would it be?" I offered the same answer I have been giving my children for years. "I have a superpower. It's reading." I suspect this both annoys and inspires my children. Given that annoying and inspiring are among my favorite parental duties, I rather like this answer.
Last month, while World Bank President Jim Yong Kim launched the gender data portal, U.S. Secretary of State Hillary Clinton remarked that “data not only measures progress, it inspires it”. Indeed when data is both relevant and effectively communicated, it can help to inform policies, identify challenges, and catalyze changes and innovations that deliver development results.
With that goal in mind, we started an Open Data Lab. One of our objectives is to help the development community become more effective data communicators by experimenting with different data visualization techniques and tools. The human brain finds it easier to process data and information if it is presented as an image rather than raw numbers or words. And visualizations that let and encourage users to interact with data can deepen their understanding of the information presented.