IDB launches 2017 Call for Proposals to promote Regional Public Goods in Latin America and the Caribbean
February 24, 2017
The deadline for accepting proposals is April 26th, 2017 The Inter-American Development Bank (IDB) launched the 2017 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for development through regional cooperation among at least three countries. Since 2004, the RPG Initiative has financed 140 projects, investing a total of more than US$103 million.
September 09, 2010
The new Independent Consultation and Investigation Mechanism (ICIM) started operations as part of the Inter-American Development Bank’s efforts to increase the transparency, accountability and effectiveness of its operations. The Board of Executive Directors declared that the ICIM is effective as of September 9, 2010. The ICIM can now address complaints filed by individuals or groups who feel affected by projects financed by the IDB.
April 28, 2010
The cross debarment agreement signed recently by the world’s top multilateral banks is a milestone for the anticorruption agenda. Due to come into force by mid-year, the agreement says that if one Multilateral Development Bank (MDB) declares a firm or individual ineligible for procurement contracts because of fraud and corruption, then all the other MDBs will do the same.
March 27, 2006
Corruption greatly undermines the building of inclusive, democratic and transparent societies in Latin America and the Caribbean, threatening both economic and social development in the region as well as the mission of the IDB, noted Bank President Luis Alberto Moreno in introducing the 2005 Annual Report for the Office of Institutional Integrity.
February 16, 2006
On February 16, 2006, a former employee of the Inter-American Development Bank entered a guilty plea before the United States District Court for the District of Columbia to charges against him for wire fraud involving resources of the Bank, agreeing to make full restitution of such resources. The fact of the criminal conduct was discovered by the Bank and referred for action to the U.S. authorities. Sentencing is scheduled for April 25, 2006.