On 1 July, the always useful FCPA Blog reported that Seoul-based Yooshin Engineering Corporation is ineligible to participate in World Bank-financed projects during the 13-month debarment. The debarment is related to the $60 million World Bank-funded Vanuatu Aviation Investment Project. The post notes that World Bank debarment also applies to the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank.
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