This Whistle Blowing (the “Policy”) is in furtherance of the Bank’s desire to strengthen the Bank’s system of integrity and the fight against corruption and related offences. The Policy sets forth the conditions and procedures for investigations of allegations of corruption, fraud and misconduct.

The Bank is committed to maintaining the highest possible standards of ethical and legal conduct within the Bank and in all Bank-funded projects, programs and business. In line with this commitment and in order to enhance good governance and transparency, the main aims of the Policy are to: (i) provide an avenue for raising concerns related to fraud, corruption and other misconduct and (ii) assure that persons who disclose information related to fraud, corruption and other misconduct will be protected from retaliation.

The Policy takes cognizance of and utilizes the harmonization efforts among regional and international banks in the fight against corruption and related offences. Good corporate governance also requires that the Bank adopts such a Policy. The Policy incorporates other accepted concepts of best practices for protecting whistleblowers and handling complaints.

The Policy explains the Bank’s whistle blowing mechanism and addresses: Anchors of the Bank’s Mechanism; Coverage and Scope; Who is a Whistleblower and/or Complainant; Protection of and Remedies for Whistleblowers and Complainants; Dispute Resolution Mechanism; Voluntary Disclosure Program; Channel and Procedures; and Hotline Facilities.

It is anticipated that upon adoption by the Board of Directors, the Managing Director of the Bank would be authorized to take such steps as are necessary for the implementation of the Policy. Such steps by the Managing Director would include the issuance of appropriate directives to conform to the relevant provisions of the Policy. Where the language of an existing Bank Policy on a related subject is inconsistent with the terms of this Policy, this Policy shall prevail.