What is considered best practice when it comes to the content and scope of the efforts against corruption in multilateral development banks? Are there any studies on anti-corruption in the multilateral development banks, and specifically in the African Development Bank?
Although few studies focus on corruption risks in multilateral development banks, there is a broad consensus that corruption affects MDBs financed projects in all sectors. MDBs have started addressing these issues by developing “zero tolerance” anti-corruption policies, reviewing internal procedures, setting up fraud and corruption investigative bodies, and supporting partner countries’ anti-corruption initiatives. In line with other MDBs’ initiatives, the African Development Bank (AFDB)’s efforts have focussed on strengthening its anti-corruption framework along four major dimensions, namely prevention, detection, investigation and sanctions.
Chêne, M. Multilateral Development Banks&#8217; integrity management systems. U4 Anti-Corruption Resource Centre, CMI, Bergen, Norway (2010) 10 pp. [U4 Expert Answer 264]