The World Bank debarred 267 firms and individuals last year, including cross debarments, in a big jump from prior years. … Continue Reading
Posts Tagged: Integrity Vice Presidency
The World Bank debarred a German water maintenance equipment manufacturer Wednesday for 30 months for fraud, collusion, and corruption involving a project in Myanmar.… Continue Reading
The World Bank’s enforcement arm, the Integrity Vice Presidency (INT), signaled this month they are mirroring initiatives first put forth by U.S. law enforcement. Specifically, INT indicated that they are investing significant resources into formally evaluating companies’ compliance programs during an investigation.… Continue Reading
The World Bank debarred a leading New Zealand-based traffic expert Wednesday for corruption involving mass transport projects in Vietnam.… Continue Reading
The World Bank debarred a Portuguese engineering services company Wednesday for 12 months for “fraudulent and obstructive practices” involving a project in Brazil.… Continue Reading
Historians may look back on 2016 as the year when the global anti-corruption movement took political center stage. Every day, we taste corruption’s bitter fruit in the form of instability, violence and a corrosion of trust that spans from government to sport.… Continue Reading
Since 2001, the World Bank has sanctioned more than 400 firms and individuals. Let’s look at how that happens.
When there’s a complaint against a firm or individual involved in a World Bank-funded project, the Bank’s Integrity Vice Presidency (INT) investigates the allegations.… Continue Reading
As the financier of development projects around the globe, the World Bank has been a leader in the effort to eradicate poverty through lending.
It also has caused concern with the American defense bar i about corruption investigations that aren’t required to follow any nation’s rules of criminal procedure or recognize the American concept of due process.… Continue Reading