What foundational principle guides ADB's anti-corruption policy?

The foundational principle guiding ADB's anti-corruption policy is centered around a zero tolerance towards corruption. This principle is crucial as it establishes a firm stance against any forms of dishonesty, fraud, or unethical behavior within the operations and activities of the bank. By adopting a zero tolerance approach, ADB emphasizes its commitment to integrity and accountability, ensuring that projects are executed fairly, funds are managed appropriately, and stakeholders act in a trustworthy manner.

This principle also plays a significant role in fostering a culture of ethical governance, which is essential for maintaining public confidence in the bank's operations. The zero tolerance stance helps in deterring corrupt practices, encourages timely reporting of misconduct, and ensures that appropriate measures are taken against those who engage in corruption. It ultimately aims to protect development outcomes and ensure that resources allocated for projects are utilized effectively for sustainable development goals.