Integrity and Anti-Corruption Strategy
The African Development Bank Group views corruption, fraud and other sanctionable practices as highly inimical to the achievement of its mandate. In order to spur sustainable economic development and social progress on the continent, AfDB endorses a multipronged approach to combating these harmful practices. Consequently, IACD uses proactive measures including risk assessments and sensitization programmes to deter sanctionable practices and prevent their occurrence in internal corporate procurement issues and operations financed by the Bank Group.
Where these sanctionable practices are alleged to have been committed, IACD’s investigative powers promote tighter adherence to the highest standards of corporate governance and integrity. This strategy is reflected in its composition. IACD is comprised of two divisions: the Integrity and Prevention Division (IACD.1) and the Investigations Division (IACD.2).
IACD does not make sanction decisions. IACD.2 receives allegations of sanctionable practices and conducts investigations. It then forwards its report to the relevant authority under the Bank’s sanctions process. Where the allegations relate to fraud, corruption and misconduct by Bank Group staff, and involve administrative budgets and misuse of Bank resources, the report will be transmitted to the President. In other cases, the report will be made to the Sanctions Commissioner under the new framework, approved by the Board of Directors of the Bank Group on the 5th of July 2012.
How IACD Carries Out Its Integrity Strategy:
- Proactive prevention through risk assessments, sensitization programmes, due diligence, and other activities
- Mainstreaming integrity issues into Bank Group operations and activities
- Providing technical support to regional member countries in integrity issues and enhancing accountability
- Participation in international and regional integrity initiatives
- Investigations, sanctions and other deterrence processes
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