The Boards of Directors of the African Development Bank Group have approved policies designed to strengthen the institution’s anti-corruption agenda as well as its procurement rules and procedures to bring them in line with practices in peer development finance institutions.
At their regular sessions chaired by President Donald Kaberuka on Thursday in Tunis,
the Board approved:
- A Proposal for the Implementation of a Sanctions process within the African Development Bank Group which includes the establishment of 1)a sanctions Office comprising a Sanctions Commissioner, an Alternate Sanctions Commissioner, and Secretary to the Sanctions Office; 2) a Sanctions Appeal Board comprising three substantive members, three alternate members and a Sanctions Appeal Board Secretary; 3)terms of reference for the sanctions and Appeal Boards; 4)expansion of the range of sanctions to include reprimand, conditional non-debarment, debarment, restitution and remedy, as the case may be.
- Amendment to Rules and Procedures for procurement of Goods and Works; and Rules and Procedures for the use of Consultants.
- Restructuring of the Integrity and Anti-Corruption Department.
These approvals empower the Bank to implement the Agreement for Mutual Enforcement of Debarment Decisions signed by Development Finance Institutions on 9 April 2010. The agreement establishes a framework within which entities or persons found to have engaged in wrongdoing in development projects financed by the IFIs may be sanctioned for the same misconduct by other participating development Banks in circumstances where such entity or person is debarred by one IFI for a period exceeding a year.
The Boards also approved a revised Bank Group ICT Operations Strategy and Action Plan for the Medium-Term 2012-2014, designed to expand its role in leveraging the African ICT sector in three critical areas:
- regional/national ICT infrastructure,
- policy and regulatory frameworks and ICT applications.
Finally, the executive directors approved the creation of The Multi-donor Trust fund for Transition which is designed to provide the Bank with additional grant resources to deliver quick support to countries in transition. The Fund will commence operations with North African countries in transition.
Culled from http://www.afdb.org/en/news-and-events/article/afdb-strengthens-its-anti-corruption-agenda-and-procurement-rules-9463/