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AIIB Reaffirms Commitment to Fight Corruption

10 December2018
AIIB Reaffirms Commitment to Fight Corruption

The Asian Infrastructure Investment Bank (AIIB) reaffirmed its commitment to keep its operations "Clean" - as part of its "Lean, Clean and Green" core values - during a weeklong series of activities in support of International Anti-Corruption Day, observed annually on Dec. 9.
With the theme "Integrity Starts With Me," AIIB staff and members of the Board of Directors participated in events highlighting the importance personal integrity plays in establishing a “clean” organization. AIIB hosted keynote speaker Dr. Ngozi Okonjo-Iweala, member of AIIB’s International Advisory Panel, former Finance Minister of Nigeria and former Managing Director of the World Bank Group. In her keynote, Okonjo-Iweala related her personal and often difficult experiences in fighting corruption as a senior government official.
AIIB also launched its web-based Fraud and Corruption Report Form to allow people to submit information on suspected fraud and corruption directly to AIIB’s Complaints-resolution, Evaluation, and Integrity Unit (CEIU). CEIU is an independent unit within AIIB, led by Managing Director Hamid Sharif, who reports directly to AIIB’s Board of Directors. CEIU is staffed by professional investigators who review all allegations of fraud and corruption following AIIB‘s Policy on Prohibited Practices.
Firms and individuals who engage in fraud and corruption are ineligible to be awarded contracts or participate in AIIB-funded projects and activities. Over a thousand debarred entities are on AIIB’s Debarment List.
Press-release at the AIIB official web-site

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