Uniform Framework - IFIs

Fraud, Corruption and Misconduct are not just a challenge for the African Development Bank.  It is a persistent problem for all the International Financial Institutions ("IFI").

In February 2006, the leaders of the African Development Bank Group, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank Group, International Monetary Fund, Inter-American Development Bank Group and the World Bank Group agreed to establish a Joint International Financial Institutions (IFI) Anti-Corruption Task Force to work towards a consistent and harmonized approach to combat corruption in the activities and operations of the member institutions.

The leaders of the member institutions recognize that a unified and coordinated approach is critical to the success of the shared effort to fight corruption and prevent it from undermining the effectiveness of their work.  This effort is part of a larger initiative for all the IFIs to harmonize their practices and procedures.  In September 2006, the Joint IFI Anti-Corruption Task Force published a Uniform Framework for Preventing and Combating Fraud and Corruption.