Publish What You Fund, a non-profit organization that campaigns for transparency in international aid, released a new report today ranking the transparency in international aid organizations’ operations, particularly in performance, related documents and basic information. And it’s good news for the Global Fund: the organization ranked among the top five donors for aid transparency, and received the overall rating of “Very Good.”

This “Very Good” rating in the 2016 Aid Transparency Index is an improvement for the Global Fund, which in 2013 and 2014 was rated in the “Good” category, according to this comparison chart.

The Global Fund has commended the International Aid Transparency Initiative (IATI) for its spirit of accountability; transparency is crucial to fulfilling the Global Fund’s mandate and operations as the world’s largest public health financier. As Global Fund Executive Director Mark Dybul told Devex today, “We operate with a high degree of transparency in all matters, and we believe it is absolutely crucial to our effectiveness. There is always a need for even more transparency, but IATI is making great progress.”

Tremendous progress has been made since the Global Fund’s founding in 2002 by pooling resources and expertise with partners, and by involving governments, civil society, the private sector, and people affected by HIV/AIDS, tuberculosis and malaria.

Health investments made through the Global Fund have saved 17 million lives, expanding opportunity for families and communities worldwide. But the progress achieved is fragile, and many lives are still at risk. Every dollar counts for the Global Fund, which is why it has made an investment case for $13 billion to be raised during the Fifth Replenishment Conference this fall. The 2016 Aid Transparency Index further demonstrates the Global Fund’s value as a transparent, worthwhile investment in the fight for a healthier world.