Last week Wednesday, the Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) together hosted an integrity workshop for officials from various Government of Guyana ministries and agencies.
According to an IDB press release this joint workshop is the first in a series of events aimed at promoting integrity in CDB and IDB development financing interventions in each institution’s respective Borrowing Member Countries. The objective of the CDB-IDB event was to raise awareness among workshop participants of the multilateral development banks’ (MDBs) integrity frameworks and improve their capacity to manage risk in development-financed activities, including project procurement.
The IDB statement said that both MDBs take a collaborative approach to dealing with integrity issues which may arise in projects they finance, and the workshop was intended to raise awareness about the role of CDB’s Office of Integrity, Compliance and Accountability (ICA) and the IDB’s Office of Institutional Integrity (OII). ICA is mandated to prevent and investigate fraud and corruption in the Bank’s activities and projects. CDB works to prevent, investigate and sanction violations of its policies and procedures, particularly those that are procurement-related.
