Lessons From World Bank's Sanctions Board Decisions
Law360, New York (June 22, 2012, 1:34 PM ET) -- Countries financed by The World Bank Group award contracts worth tens of billions of dollars annually to multinational and other companies that help developing countries with infrastructure and other projects.[1] The bank has a well-developed and professionally staffed integrity program that addresses corruption and fraud issues that arise in connection with these contracts. While numerous companies have been debarred from participating in World Bank-financed procurements for violating the bank’s procurement and consultant guidelines, the bank has not historically published its fully reasoned debarment decisions in contested...
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