The Asian Development Bank works to ensure that development funds are not lost due to fraudulent and corrupt practices.
Watch this video to find out what measures are taken to protect development projects from fraud and corruption, and what you can do to help.
ADB is committed to protecting development projects from corrupt practices.
Violations of ADB’s Anticorruption Policy, whether by staff, consultants, contractors or suppliers, are not tolerated.
What are these violations?
Corruption, like bribery and kickbacks.
Fraud, or making false claims and forging records.
Coercion, like blackmail and extortion.
Collusion, by pre-determining winners and bid rotation.
Abuse, such as using equipment and supplies for non-ADB activities.
Conflict of interest, like awarding contracts to family members or friends.
And obstruction, like lying to investigators and destroying or concealing evidence.
What are the consequences?
Firms and individuals in violation of ADB’s Anticorruption Policy may be cautioned or reprimanded, and pay restitution. But they may also face suspension or debarment.
Those debarred cannot work with ADB for an imposed period.
And they may also be debarred by other development banks.
Loans or grants may be terminated and misused funds must be repaid.
And staff from executing agencies in violation of ADB’s Anticorruption Policy may be replaced.
Corruption cannot be fought alone.
ADB needs integrity champions like you.
We are all responsible for implementing projects with integrity and due diligence.
As integrity champions, we must be ready to scrutinize documents before signing them and report suspicious activities.
We must be aware of project red flags and ensure accountability.
Doing so will safeguard funds for the project and benefit those who need them the most.
We must fight corruption on every level.
By working together, we all win.