The IDB and the Organization of American States (OAS) signed an agreement in March to promote the prompt ratification and implementation of the Inter-American Convention Against Corruption.
The two organizations are co-financing the project with a contribution of $105,000 each. Among the activities of the program will be a series of workshops in several countries to raise awareness of the importance of ratifying and implementing the convention, which was signed in March 1996.
Signatories of the convention pledged to take several steps to curb corrupt practices, including extradition and limitations on bank secrecy. The signatories also pledged to punish acts of international bribery.
Only 11 out of 34 states in the Americas have ratified the convention.