Beijing, China, December 10, 2018

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.

"Personal integrity is critical in shaping AIIB’s culture of anti-corruption," said AIIB President Jin Liqun. "We are all responsible for ensuring our Bank operates at the highest standard and that our efforts to improve lives and livelihoods in Asia are never compromised."

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.

"Significant fraud and corruption cases often start from whistleblowers with a strong sense of personal integrity to report such issues. We want to make it easier for all whistleblowers to report fraud and corruption directly to AIIB," Sharif said.

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.

Visit www.aiib.org/integrity for more information about AIIB’s work on anti-corruption.

 

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