The Inter-American Development Bank (IDB) has announced stricter measures to fight corruption and fraud.The bank, in a statement yesterday, stated that it has developed a major overhaul of its anti-corruption framework to ensure that allegations of corruption in bank-financed activities are investigated and sanctioned more quickly, and whistleblowers enjoy stronger protections than before.IDB is also strengthening the support it provides to countries to battle corruption.With IDB being a source of funding for many projects in Guyana, it is still unclear what kind of effect the new measures will have on the projects but the statement yesterday noted that the bank will be working more closely with its client countries to ensure that they toe the line.IDB President Luis Alberto MorenoThe new measures, which build on an overhaul of the anti-corruption framework put in place in 2001, have been endorsed by the IDB Board of Executive Directors. Some of these measures have taken effect immediately, while others will be rolled out over the course of 2010.In addition, the IDB is exploring ways to coordinate the sanctioning of prohibited practices together with other multilateral development institutions.“In recent years, at the IDB we have been strengthening our efforts to deter prohibited practices in our own programs, by investigating and sanctioning more cases of fraud or corruption,” said IDB President Luis Alberto Moreno.“At the same time, we are also ensuring that our staff abides by the highest ethics standards. With these new measures, we are taking our battle against corruption to an even higher level.”“We are also going to work more closely with countries to help them fight corruption more effectively,” Moreno added.“Corruption weakens democratic institutions,Cheap China Jerseys, and discourages investment and job creation. Ultimately, it hits hardest the poor and those without access to proper legal recourse.”External recommendationsThe IDB anti-corruption framework was reviewed by an external group headed by Richard Thornburgh, former Attorney General for the United States and Governor of Pennsylvania. The report, presented in late 2008, included several recommendations to bolster the investigations and sanctions processes as well as actions to provide greater support to member countries to combat corrupt practices.A number of those recommendations have been incorporated into the IDB organizational policies and procedures.Whistleblower protections are being expanded to include third parties. The Bank may notify national authorities when it receives allegations of reprisals by or against third parties involving bank programs; and the bank’s policy of protecting staff members from reprisals – including reassignment where needed – is also reaffirmed, the statement said yesterday.The Office of Institutional Integrity (OII), which investigates allegations of wrongdoing and was previously a unit within the Bank’s presidency, is now elevated as an independent advisory office within the Bank’s basic organization.To enhance the resources available to the sanctions process, the Bank has approved the creation of a new Case Officer position. The Case Officer reviews OII investigative findings and has the authority to sanction parties for wrongdoing,Cheap NFL Jerseys China, including a suspension from participating in Bank-funded programmes.The Case Officer’s recommendations can be appealed to the new Sanctions Committee, which for the first time will include external members (four), as well as Bank staff (three). All seven members will be appointed by the President. Individual cases will be adjudicated by three-member panels appointed by the Chairperson of the Sanctions Committee, which will also have jurisdiction over the Inter-American Investment Corporation (IIC), the IDB-affiliated institution that lends to small and mid-sized companies.The Sanctions Committee will adjudicate cases previously considered by the Oversight Committee on Fraud and Corruption (OCFC), which was made up of senior Bank managers who had other responsibilities within the institution.The OCFC has been replaced by the Anti-corruption Policy Committee,Wholesale Jerseys From China, which will focus on policy development and oversight of the Bank’s anti-corruption initiatives.Action plan to support countriesIn addition, the IDB has approved a new framework containing actions to strengthen the Bank’s ability to identify vulnerabilities and support countries’ efforts to foster transparency and prevent and control corruption.? The plan provides clearer strategic direction and added value to the Bank’s financial, knowledge,Jerseys NFL Wholesale, and capacity-building products in these areas.The IDB will allocate more budgetary re