The Ethics and Audit Committee held eight (virtual) meetings in 2015 to discuss a policy on ethics and conflicts of interest, which – as per its mandate – also includes provisions on transparency and issues of confidentiality. It developed, with the support of the Secretariat, the draft policy attached hereto as Annex II (the Policy).

The Policy is based on best practices of international entities, including multilateral development banks. This document will briefly describe the main areas of discussion covered by the Ethics and Audit Committee.