Sanctionable Practices have been defined in the Bank’s procurement policies as corrupt, fraudulent, collusive, coercive and obstructive practices in relation to Bank Group financed operations. These policies apply to individuals and firms. These practices are further defined below:
- Corrupt practice: The offering, giving, receiving or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party.
- Fraudulent practice: Any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a public official to obtain a financial or other benefit or to avoid an obligation.
- Collusive practice: An arrangement between two or more parties designed to achieve an improper purpose, including to improperly influence the actions of another party.
- Coercive practice: Impairing or harming, or threatening to directly or indirectly impair or harm any party or the property of the party, in order to improperly influence the actions of a party.
- Obstructive practice:
- Deliberately destroying, falsifying, altering, or concealing of evidence material to the investigation or making false statements to investigators in order to materially impede a Bank investigation into allegations of a corrupt, fraudulent, coercive, or collusive practice; and/or threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation, or
- Acts intended to materially impede the exercise of the Bank’s inspection and audit rights
- 25/10/2016 - Speech delivered by AfDB President Akinwumi Adesina at the Ministerial Roundtable on “Transforming Africa’s Agriculture through Industrialization and Inclusive Finance” in Seoul, Korea
- 25/10/2016 - Africa can benefit from Korea’s agricultural transformation experience, conference hears
- 25/10/2016 - ADEA-FAWE/Enseignement : mettre l’accent sur l'accès, la rétention et la performance des filles pour l’atteinte des ODD 4 et 5
- 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