Anticorruption policy

This paper outlines the Bank's position on anticorruption issues and recommends a number of concrete measures for establishing the Bank's anticorruption policy, whose main objective is to reduce the burden that widespread, systemic corruption exacts upon the governments and economies of the region. It is structured according to three objectives defining the Bank's approach, namely: supporting competitive markets and efficient, effective, accountable, and transparent public administration as part of the Bank's broader work on good governance and capacity building; supporting promising anticorruption efforts on a case-by-case basis and improving the quality of the dialogue with Member Countries on a range of governance issues, including corruption; and ensuring that Bank projects and staff adhere to the highest ethical standards. The last section concludes by highlighting specific next steps for the Bank to take in implementing the policy thus described.