The IDB Group has an extensive set of policies, best practices and specialized mechanisms to reinforce integrity best practices and deter Prohibited Practices such as fraud and corruption in all IDB-Group financed projects.
In the context of promoting integrity and good governance in the region, the IDB Group is committed to the highest integrity standards in all its operations. In alignment with this commitment, the IDB Group has an extensive set of policies, best practices, and specialized mechanisms to reinforce integrity best practices and deter Prohibited Practices such as fraud and corruption in all IDB-Group financed projects.
A key component of the deterrence of Prohibited Practices is the IDB Group’s Sanctions System, composed of the Office of Institutional Integrity (OII), the Sanctions Officer (SO), and the Sanctions Committee (SNC). Guided by the Uniform Framework for Preventing and Combating Fraud and Corruption adopted by the International Financial Institutions Anti-Corruption Task Force and the IDB Group’s Sanctions Procedures, the three components of the Sanctions System form a robust mechanism to address Prohibited Practices in IDB Group-financed activities through transparent investigations and two-tier adjudication processes that can result in administrative public sanctions.
the offering, giving, receiving, or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party
that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation
directly or indirectly, any party or the property of the party to influence improperly the actions of a party.
designed to achieve an improper purpose, including influencing improperly the actions of another party.
the exercise of the Bank’s contractual rights of audit or inspection or access to information.
or resources for an improper or unauthorized purpose, committed either intentionally or through reckless disregard (Effective 1/1/2020).
The firms and individuals listed below have been sanctioned for having engaged in fraudulent, corrupt, collusive, coercive or obstructive practices (collectively, Prohibited Practices), in violation of the IDB Group’s Sanctions Procedures and anti-corruption policies.
The IDB Group has established mechanisms to ensure the integrity of its projects, and to guarantee that violators receive a sanction proportional to the infraction, after having had the opportunity to present their defenses.