Why does ADB debar firms or individuals?
ADB has a firm stance on anticorruption, in order to reduce the burden that widespread, systemic corruption exacts upon the governments and economics of the Asia Pacific region. The primary reason for this is that ADB aims to ensure that the funds its Member Countries have entrusted it with are used for their intended purposes, namely development and poverty reduction. To this end, ADB expects its staff, as well as its third-party partners (firms and individuals) to adhere to the highest professional and ethical standards. If firms and individuals fail to do live up to these standards, and engage in corrupt or fraudulent practices, ADB protects both assets and project outcomes by avoiding doing future business with such entities or individuals. Having an agreement with other MDBs on cross-debarment underlines ADB’s firm commitment to its zero tolerance policy.
