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IDB reaffirms its commitment to fight against corruption

The Inter-American Development Bank – together with four other multilateral development banks – today reaffirmed its commitment to combat corruption in all its aspects coinciding with the first anniversary of the signing of the United Nations Convention against Corruption.

After a meeting at IDB headquarters in Washington, D.C., authorities of the IDB, the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development and the World Bank issued a joint declaration reaffirming their commitment to protect their personnel from reprisals arising from the filing of reports and complaints about suspected instances of fraud, corruption and other infractions.

This is the first time that all the major multilateral development banks issue a statement of this kind.

The text of the declaration is as follows:

On occasion of the first anniversary of the signing of the United Nations Convention against Corruption, on December 2 and 3, 2004, a meeting was held in Washington, D.C. of the African Development Bank’s Internal Audit Department, the Asian Development Bank’s Anticorruption Unit, the European Bank for Reconstruction and Development’s Office of the Chief Compliance Officer, the Inter-American Development Bank’s Office of Institutional Integrity and the World Bank’s Department of Institutional Integrity. 

It was agreed to reaffirm the shared commitment to fight corruption in our respective operations and projects, and to this end, to reiterate the institutions’ commitment to protect its staff against reprisals arising from the reporting in good faith of allegations of fraud, corruption, or other misconduct to the designated authorities within our institutions.