Annual report on investigative and anti-corruption activities 2008

The Investigation Section of the Office of Audit and Oversight (OA/IS) has a mandate to investigate alleged irregular practices, namely (i) fraud and corruption, in relation to entities, contractors and non-staff individuals applying for or participating in an IFAD-financed project or headquarters-related contract, and (ii) staff misconduct, pursuant to the adoption by the Executive Board in December 2005 of the IFAD Policy on Preventing Fraud and Corruption in its Activities and Operations (EB 2005/85/R.5/Rev.1, paragraph 26). Implementation of this policy, along with the establishment of a Sanctions Committee, have aligned IFAD with best practices applied by other United Nations agencies and the major multilateral development banks (MDBs) in this area. 

OA/IS was fully staffed in 2008, enabling it to pursue its dual role of conducting investigations and, more broadly, implementing the IFAD anticorruption agenda.