Multilateral Development Banks step up their fight against corruption

"Cross-sanctioning combined with greater information sharing and coordinated investigations should allow our institutions to more robustly prevent, detect, and deter corruption."
- Luis Alberto Moreno, IDB President

Taking a major step in the global fight against fraud and corruption, leading Multilateral Development Banks (MDBs) signed an agreement to cross debar firms and individuals found to have engaged in wrongdoing in MDB-financed development projects.

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