Policy Description:
One of the first policies approved by AIIB’s Board of Directors was the Policy Prohibited Practices (PPP). The PPP defines the Prohibited Practices that are sanctionable by AIIB. It also articulates a process through which the AIIB may investigate and sanction firms and individuals that violate the PPP in AIIB-financed projects and activities.
The PPP also provides the basis for AIIB to unilaterally cross-debar all firms and individuals that were debarred by five multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions (AMEDD). For more information on debarment: www.aiib.org/debarment.
