Integrity, Accountability & Transparency

A robust ethical framework helps to level the playing field for business. It strengthens the private sector’s ability to operate fairly and enables it to have a bigger impact on the region’s long-term economic and social development.

Corruption, by contrast, erodes democratic values, weakens public confidence and drives away private investment.

As part of the IDB Group, we put our commitment to integrity into practice through rigorous policies and procedures for our staff and strong safeguards to guide all our activities. And we hold our clients to high corporate governance standards, which can help companies prevent fraud and abuse.

We are also part of a broad-based international effort to promote integrity and transparency. We belong to the International Financial Institutions Anti-Corruption Task Force, which developed the Uniform Framework for Preventing and Combating Fraud and Corruption. We have also signed the Agreement for Mutual Enforcement of Debarment Decisions, by which the participating financial institutions pledge to enforce each other’s sanctions against corruption.

Additionally, with the objective to comply with the highest standards of environmental and social sustainability, we have an independent accountability office (MICI) that impartially addresses and investigates environmental and social complaints from individuals or communities have been or may be affected by projects financed by IDB Invest.