Section VI - Fraud and Corruption (Text in this Section VI shall not be modified) Purpose The Bank’s Anti-Corruption Guidelines and this apply with respect to procurement under Bank Investment Project Financing operations. Requirements The Bank requires that Borrowers (including beneficiaries of Bank financing); bidders (applicants/proposers), consultants, contractors and suppliers; any sub-contractors, service providers or suppliers; any agents (whether declared or not); and any of their personnel, observe the highest standard of ethics during the procurement process, selection and contract execution of Bank-financed contracts, and refrain from Fraud and Corruption. To this end, the Bank: Defines, for the purposes of this provision, the terms set forth below as follows: practice” is the offering, giving, receiving, or soliciting, directly or “corrupt indirectly, of anything of value to influence improperly the actions of another party; practice” is any act or omission, including misrepresentation, that “fraudulent knowingly or recklessly misleads, or attempts to mislead, a to obtain financial or other benefit or to avoid an obligation; practice” is an arrangement between two or more parties designed to “collusive achieve an improper purpose, including to influence improperly the actions of another party; practice” is impairing or harming, or threatening to impair or harm, directly “coercive or indirectly, any party or the property of the party to influence improperly the actions of a party; practice” is: “obstructive deliberately destroying, falsifying, altering, or concealing of evidence material to the investigation or making false statements to investigators in order to materially impede a Bank investigation into allegations of a corrupt, fraudulent, coercive, or collusive practice; and/or threatening, harassing, or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; or acts intended to materially impede the exercise of the Bank’s inspection and audit rights provided for under paragraph 2.2 e. below.
Section VI - Fraud and Corruption (Text in this Section VI shall not be modified) Purpose The Bank’s Anti-Corruption Guidelines and this apply with respect to procurement under Bank Investment Project Financing operations. Requirements The Bank requires that Borrowers (including beneficiaries of Bank financing); bidders (applicants/proposers), consultants, contractors and suppliers; any sub-contractors, service providers or suppliers; any agents (whether declared or not); and any of their personnel, observe the highest standard of ethics during the procurement process, selection and contract execution of Bank-financed contracts, and refrain from Fraud and Corruption. To this end, the Bank: Defines, for the purposes of this provision, the terms set forth below as follows: “corrupt practice” is the offering, giving, receiving, or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party; “fraudulent practice” is any act or omission, including misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a to obtain financial or other benefit or to avoid an obligation; “collusive practice” is an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party; “coercive practice” is 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; “obstructive practice” is: deliberately destroying, falsifying, altering, or concealing of evidence material to the investigation or making false statements to investigators in order to materially impede a Bank investigation into allegations of a corrupt, fraudulent, coercive, or collusive practice; and/or threatening, harassing, or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; or acts intended to materially impede the exercise of the Bank’s inspection and audit rights provided for under paragraph 2.2 e. below.
SPD-Init-Selection-Doc-DesignBuildOperate-WTP-WWTP-OCT-2017.docx