With rapid progress on the way, could it improve transparency? (10)

'improve transparency?' is the definition.
I don't know anything about this answer so I can't tell whether it can be defined by this definition.

'with rapid progress on the way could it' is the wordplay.
I cannot really understand how this works, but
'with' could be 'w' (abbreviation) and 'w' is present in the answer.
'on' could be 're' (regarding) and 're' is found within the answer.
'way' could be 's' (Compass direction - South) and 's' is present in the answer.
'it' could be 'e' ('e' can mean 'electronic' which is similar to 'IT') and 'e' is found in the answer.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?