Ethics and Audit Committee

The Ethics and Audit Committee will consider and provide guidance on issues of conflict of interest, confidentiality, ethics, financial management, procurement and other audit functions as they relate to the Board. Specifically, it will:

Oversee the development of a draft Board policy on transparency, ethics and conflict of interest, including the issue of confidentiality, for consideration by the Board in 2014;
Oversee the implementation of, and compliance with, the Board policy on ethics and conflict of interest, including by providing recommendations on any breaches of the policy;
Provide guidance on the development and review implementation of, and compliance with, the Fund’s comprehensive information disclosure policy;
Provide recommendations for the establishment of the Fund’s Independent Integrity Unit and independent redress mechanism;
Provide advice to the Board on policy and strategy matters relating to financial reporting and audit requirements for the Fund;
Review and make recommendations to the Board on audits of the administrative budget, as necessary;
Review and make recommendations to the Board on external audit reports; and
Consider any other matters the Board deems appropriate.

Established by decision B.05/13
Committee secretary: Antoaneta Boeva
Terms of 3 years, subject to review of committees

Ethics and Audit Committee

Members

Developing countries constituency

Developed countries constituency