ADB promotes innovation and efficiency to support anti-corruption efforts | Instant News




ANI |
Updated:
Apr 6, 2020 12:32 IST

Manila [The Philippines]April 6 (ANI): The Asian Development Bank (ADB) promote innovation and efficiency to increase anti-corruption efforts by streamlining case management and accelerating the assessment of complaints and the completion of investigations, according to Office of Anti-corruption and Integrity (OAI) The 2019 Annual Report is released on Monday.
“We are reassessing and rebalancing our resources to align with ADB’s long-term strategy, Strategy 2030,” said OAI Chief John Versantvoort. “These steps have enabled us to provide better value to our stakeholders and to achieve a significant increase in the number of investigations and complaints that we have concluded and closed.”
In 2019, ADB concluded 110 investigation of integrity violations, up 93 percent from the previous year, and assess and close 219 complaints, an increase of 16 percent. ADB has banned 69 companies and 62 individuals for violations ADB’s Anti-Corruption Policy (1998 as amended since then).
This cross-sectioned 153 companies and 20 people that were approved by other multilateral development banks. The imposition of other remedies against companies and individuals, such as reprimands and warnings, more than doubled from 2018.
Strengthening governance and institutional capacity to improve service delivery in developing countries ADB members are one of seven operational priorities under the ADB Strategy 2030.
OAI conducted eight Proactive Integrity Reviews (PIRs) of ADB-financed projects in Afghanistan, Bhutan, Georgia, Indonesia, Kazakhstan, Myanmar, Nepal and Palau. PIR assesses the application of good financial management, procurement, and asset management practices by the government agency responsible for implementing ADB projects and recommends corrective measures for any deficiencies.
In 2019, OAI conducted a PIR on emergency relief projects for the first time.
“We greatly appreciate the constructive review and recommendations that OAI has provided in the ongoing Nikachhu hydropower project so that we can improve, benefit, and manage our projects now and in the future,” said Dasho Druk Green Power Corporation Bhutan’s Managing Director. Chhewang Rinzin is in charge of project implementation.
“We will continue to work to ensure that OAI report recommendations are implemented.”
ADB maintains quality screening methods to identify, assess and reduce integrity risks associated with private sector partners and projects. It conducts due diligence of integrity on 954 entities and issues 869 advice on compliance.
This provides capacity building support anti money laundering and fighting terrorism funding in Mongolia, the Philippines and Vietnam. ADB is also expanding its technical assistance to strengthen tax integrity standards to Armenia, Cambodia, the Maldives, Marshall Islands, Federated States of Micronesia, Papua New Guinea, Samoa and Thailand.
ADB launched the first inaugurated e-learning course and provided 98 learning sessions, including training on anti-corruption and respect in the workplace to broaden the scope of work to share knowledge and communication.
It also contributes to the G20 Good Practices Guide on Promoting Integrity and Transparency in Infrastructure Development. It gathers representatives from 14 international financial institutions to strengthen integrity risk management in private sector transactions.
Together with the Organization for Economic Cooperation and Development (OECD) and the Government of Vietnam, the ADB is hosting a conference for the Anti-Corruption Initiative for Asia and the Pacific – the largest anti-corruption network in the region. (ANI)

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