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Integrity












Integrity









About Us
Integrity
Explore MIGA's approach to project integrity. We conduct rigorous corporate risk assessments and apply World Bank Group sanctions to mitigate corruption.











The World Bank Group has identified corruption as among the greatest obstacles to economic and social development. Corruption and similar misconduct undermine development by distorting the rule of law and weakening the institutional foundation upon which economic growth depends. The harmful effects of corruption are especially severe on the poor, who are hardest hit by economic decline, most reliant on the provision of public services, and least capable of paying the extra costs associated with bribery, fraud, and the misappropriation of economic privileges.

Corruption damages policies and programs that aim to reduce poverty, so attacking corruption is critical to the achievement of MIGA’s and the World Bank Group’s overarching mission of poverty reduction.

MIGA leads the way in mitigating integrity risks in projects and supporting clients with appropriate integrity frameworks to manage those risks. This approach to combating fraud and corruption is part of a larger World Bank Group effort, and MIGA works closely with the relevant World Bank Group departments on these issues.



Combating Fraud and Corruption in MIGA-Supported Projects



MIGA carries out an integrity/corporate risk assessment in all projects considered for MIGA guarantees, by considering:

checks of involved parties

client’s safeguards for dealing with fraud and corruption

the project structure and contractual arrangements.

MIGA’s stance against fraud, corruption, related misconduct (coercive, collusive, and obstructive practices), or a lack of transparency, is also incorporated into the legal documentation governing its investment guarantees, and gives MIGA the right to decline to pay compensation or terminate guarantee coverage.

Additionally, allegations of such misconduct in projects for which MIGA has issued a guarantee are subject to review and determination under the World Bank Group’s sanctions and debarment process. MIGA’s objective is to ensure a fair, transparent, and rational way to evaluate allegations of misconduct in any MIGA project.



Related Links

MIGA Sanctions Procedures

WBG Policy: Statute of the Sanctions Board 

World Bank Group Integrity Vice Presidency

World Bank Group Sanctioning Guidelines 

Terms and Conditions of the World Bank’s Voluntary Disclosure Program 

WBG Sanctions System brochure





















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