One of the first policies approved by AIIB’s Board of Directors was the Policy on Prohibited Practices (PPP). The PPP defines the seven Prohibited Practices in AIIB-funded projects and activities, namely: Coercion, Collusion, Corruption, Fraud, Misuse of Resources, Obstruction, and Theft. The PPP articulates the process through which AIIB may investigate and sanction parties that violate the PPP. It also established AIIB’s two-tier Sanctions System comprised of a Sanctions Officer and the Sanctions Panel.
The PPP also provides the basis for AIIB to unilaterally cross-debar all firms and individuals that are debarred by five multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions (AMEDD). For more information on debarment: www.aiib.org/debarment.
The PPP is also complemented by a Directive on the Policy on Prohibited Practices issued in 2017.
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- DOCUMENT NAME Policy on Prohibited Practices DOWNLOAD
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