WORLD BANK GROUP DEBARMENT SANCTIONS SYSTEM REPORT 2021

On 18 October, the World Bank published the Report, saying that the Report, which is prepared jointly by the World Bank Group’s Integrity Vice Presidency (INT), Office of Suspension and Debarment (OSD), and Sanctions Board, is said to illustrate how the institution’s sanctions system has grown and evolved to meet the challenges and opportunities of an ever-changing global anticorruption landscape.  In fiscal year 2021, the World Bank Group sanctioned 57 companies and individuals, of which 54 were debarred with conditional release, making them ineligible to participate in projects and operations financed by institutions of the World Bank Group.  In addition, 3 companies were sanctioned with conditional non-debarment, leaving them eligible to participate in World Bank Group-financed operations after meeting certain agreed-upon conditions.  It also recognised 92 cross-debarments from other multilateral development banks (MDB), while 45 World Bank Group debarments were eligible for recognition by other MDB.

A full list of the businesses and individuals currently debarred by the World Bank Group can be found at –

www.worldbank.org/debarr

https://www.worldbank.org/en/news/press-release/2021/10/18/world-bank-group-sanctions-system-promotes-accountability-and-transparency-in-combatting-corruption-in-fiscal-year-2021

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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