The Agreement for Mutual Enforcement of Debarment Decisions marks an innovative coordinated effort against fraud, corruption and other misconduct in development projects. The Agreement, signed on 9th April 2010, allows leading multilateral development banks to mutually enforce each other’s debarment decisions for four sanctionable practices.
Consequently, where any of the participating institutions finds that an individual or entity has conducted corrupt, fraudulent, coercive or collusive practices, the other institutions can also refuse to do business with such party. The participating institutions are the African Development Bank Group, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank and the World Bank Group.
A list of entities that have been debarred by the AfDB under this Agreement may be accessed.
- 25/10/2016 - AfDB delegation hold talks with officials from Zambia and DR Congo to identify and address cross-border trade challenges
- 25/10/2016 - Opening remarks delivered by President Akinwumi Adesina at 5th Korea-Africa Forum for Economic Cooperation, Seoul, Korea, October 24, 2016
- 25/10/2016 - The 5th KOAFEC Ministerial Conference opens with calls for continued support for Africa
- 24/10/2016 - Governor of Zambezia Province in Mozambique launches Small Water Scheme financed by the African Development Bank
- 24/10/2016 - AfDB issues 1% US $1 Billion Global Benchmark due 2 November 2018