On 7 December, an article from Hogan Lovells reviewed the WBG Sanctions System Annual Report for Fiscal Year 2022. It says that enforcement results show signs of recovery from the impact of the pandemic on transnational investigations. They also underscore the importance of proactive integrity risk management in private-sector development financing, and they indicate enhanced scrutiny of the World Bank’s $320 billion financing in connection with the pandemic response, the food crisis, and the war in Ukraine. In the year the WBG sanctioned 35 firms and individuals – such sanctions normally involving being barred from participation in World Bank-financed programmes (which also involves debarment from other international finance organisation projects). It started 48 new external investigations, the most since Fiscal Year 2019 and a 20% increase over the previous year, and 94 investigations were still active at the end of Fiscal Year 2022.
https://www.buymeacoffee.com/KoIvM842y
raytodd.blog 