FIFA Ruling Brings New Risks For Development Bank Projects

By Joshua Ray (August 3, 2020, 4:28 PM EDT) -- Imagine the following scenario: You are an executive for a Paraguayan construction firm that has just secured a contract with the Paraguayan government to build a hospital in the country. The scale of the project will require your company to hire a number of subcontractors. You are in charge of choosing which subcontractors will get the job and, sensing an opportunity, you solicit bribes from those vying for the project.

While this ill-advised scheme is no doubt morally problematic, commercial bribery of this sort is not illegal in Paraguay. So even though you may have breached your company's code of conduct,...

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