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World Bank Group issues first Sanctions System Annual Report

Jaclyn Jaeger | October 3, 2018

The World Bank Group debarred 78 firms and individuals during fiscal year 2018, according to its inaugural Sanctions System Annual Report, issued on Oct. 3.

The report is the result of efforts by the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD), and the Sanctions Board to prepare a joint overview of the Bank Group Sanctions System and its activities over the past year. In addition to the 78 debarments, five firms were sanctioned with conditional non-debarment, meaning that they remain eligible to participate in World Bank-financed projects but will be debarred if they do not meet certain agreed-upon conditions.

Each of the sanctions related to a finding that the firm or individual engaged in one of the institution’s five sanctionable practices—fraud, corruption, collusion, coercion, or obstruction—while participating in a Bank...

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