On 11 October, the World Bank published the report which documents how, in a time of increasingly complex global challenges and historic development support by the World Bank Group, the offices of the sanctions system worked in its fiscal year 22 to help ensure that the World Bank funds are used in a transparent and accountable manner and only for their intended. The sanctions system addresses allegations of fraud, corruption, collusion, coercion, and obstruction by businesses and individuals, and is involved in investigating whether there is sufficient evidence of the allegations to seek sanctions; adjudicating whether there is sufficient evidence to sanction the business or individual and what the proper sanction should be; and engaging with businesses and individuals sanctioned with integrity compliance conditions to assist them and ultimately determine whether they have satisfied the conditions imposed for their release from sanction.
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