SCC Clause 1.1(j) The Funding Source is the Asian Development Bank (ADB) through in the amount of [insert amount of [indicate the Loan/Grant/Financing No.] funds]. 2.1 Anticorruption Policy requires Borrowers (including beneficiaries of ADB’s ADB-financed activity), as well as Bidders, Suppliers, and Contractors under ADB-financed contracts, observe the highest standard of ethics during the procurement and execution of such contracts. In pursuance of this policy, ADB (a) defines, for the purposes of this provision, the terms set forth below as follows: (i) means the offering, giving, receiving, or “corrupt practice” soliciting, directly or indirectly, anything of value to influence improperly the actions of another party; (ii) means any act or omission, including a “fraudulent practice” misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; (iii) means impairing or harming, or “coercive practice” threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party; (iv) means an arrangement between two or “collusive practice” more parties designed to achieve an improper purpose, including influencing improperly the actions of another party;
SCC Clause 1.1(j) The Funding Source is the Asian Development Bank (ADB) through [indicate the Loan/Grant/Financing No.] in the amount of [insert amount of funds]. 2.1 ADB’s Anticorruption Policy requires Borrowers (including beneficiaries of ADB-financed activity), as well as Bidders, Suppliers, and Contractors under ADB-financed contracts, observe the highest standard of ethics during the procurement and execution of such contracts. In pursuance of this policy, ADB (a) defines, for the purposes of this provision, the terms set forth below as follows: (i) “corrupt practice” means the offering, giving, receiving, or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party; (ii) “fraudulent practice” means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; (iii) “coercive practice” means impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party; (iv) “collusive practice” means an arrangement between two or more parties designed to achieve an improper purpose, including influencing improperly the actions of another party;
FIRSTAIDKITS.docx