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.
In addition to reviewing the underlying transactions, TDB has an extensive vetting process for their partner FIs, which includes review of credit risk analysis, corporate governance, anti-money laundering, and environment and sustainability policies and procedures.
iv International Finance Institutions and Development Through the Private Sector Box 1: International Finance Institutions with Private Sector Operations Examples of Multilateral Development Banks or Finance Institutions with Private Sector Operations • African Development Bank (AfDB) • Asian Development Bank (ADB)
Foreign bank involvement in Ukraine has been modest, especially in comparison with other transition economies. RZB’s continued support for its subsidiary will provide a model in the sector for corporate governance and anti-money laundering.
multilateral investment guarantee agency strategy and business outlook: fy21-23 deepening impact
Laundering, or violated the Performance Standards and Environmental Guidelines, the Guarantee Holder shall: (a) immediately notify MIGA thereof; and (b) diligently enforce its contractual remedies under the Loan Agreement and any related documentation against the Project Enterprise, including if requested by
Governors and Alternates, as of June 30, 2007 (cont’d) Member Governor Alternate Dominica Roosevelt skerrit Rosamund edwards Dominican Republic Juan temistocles Montas Vicente Bengoa Albizu