PNoWB’s mission is to provide a platform for parliamentarians around the globe to advocate for increased accountability and transparency in International Financial Institutions and multilateral development financing. To do this, PNoWB uses five principles to guide its work, these principles are:

1. Dialogue: To facilitate and encourage direct dialogue between parliamentarians and multilateral development institutions to promote greater transparency in development cooperation, particularly with regards to World Bank programs.

2. Advocacy: To provide PNoWB members with a platform for coordinated parliamentary advocacy on development cooperation issues such as the effective use of funds and full implementation of best practice standards.

3. Networking: To encourage early debate and information exchange among parliamentarians on issues including good governance, budgetary oversight of development funds and civil society participation in the legislative process.

4. Partnership: To reinforce cooperation between parliamentarians (i.e. policy makers), the academic community, civil society and non-governmental organizations on issues of good governance and development cooperation.

5. Increased accountability: To promote the importance of parliamentary oversight in effective democratic control of development assistance in all its phases.

In the last five years, PNoWB has established a respected track-record for being an effective global network promoting parliamentary engagement in the development cooperation monitoring process.