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Sectors and Themes Water Dams and Development E-paper
Anti-Corruption'In light of the discussion above, the bank affirms that corrupt and illicit behavior is a serious brake upon the development process. The Bank rejects the argument that corruption's beneficial effects outweigh its negative consequences…' (p 19) Objective 1: Supporting competitive markets and efficient, effective, accountable and transparent public administration. '…the Bank can use its dialogue with the DMCs to advance policy recommendations that will help eliminate market distortions and reduce opportunities for rent seeking on the part of firms or officials'. (p20) 'Procurement reform, which the Bank is already pursuing in a number of DMCs, can reduce costs while simultaneously making it more difficult to perpetrate fraud and abuse'. (p23) Objective 2: Supporting promising anticorruption efforts on a case-by-case basis and improving the quality of dialogue on governance issues. Objective 3: Ensuring ADB projects and staff adhere to the highest ethical standards. '..the Bank will introduce anticorruption provisions effectively identical to those adopted by the World Bank for the rejection of proposals, loan cancellation, declaration of ineligibility, and inspection rights, ..The Bank will also introduce an optional "no bribery pledge" in the bid form..', (p29) .In the case of private sector operations ' ..sponsors for infrastructure projects must have been selected by the host government in a transparent manner, preferably through competitive bidding. If it is a negotiated project, the engineering procurement and construction contract for the project must be competitively bid'. (p 30) Issues of corruption are also being addressed as part of ADB's review of its Governance Policy.
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