The COVID-19 pandemic has had significant economic and social repercussions in Latin America and the Caribbean, and it has amplified preexisting development gaps in the region. To assist member countries and clients in overcoming these unprecedented challenges, the IDB Group has been developing rapid and innovative solutions,while taking a strong stance against corruption and other integrity violations.
Prohibited practices, such as fraud andcorruption, negatively impact the most vulnerable,hamper economic systems,weaken democracies,exacerbate inequality, and reduce access to essential services. Theneed for robust strategies and actions to promote integrity and transparency is nowmore crucial than ever and is a priority in the IDB Group’s Vision 2025-the blueprint for accelerating our region’s recovery and for fostering more sustainable and inclusive economic growth.
In 2021,the IDB commemorated 20 yearssince the adoption of its Anti-Corruption Framework. The IDB Group is committed to advancing its actions by focusing on reforms aimed at improving the quality of institutions and regulations, implementing accountability mechanisms, and reinforcing the role of agencies responsible for promoting public and private sector integrity. Additionally, the IDB Group will continue to step up the fight against corruptionthrough its leadership and alignment with international transparency and integrity-related standards, promoting good governance and public management openness in line with our region’s needs.