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World Bank Group reaches settlement with Africa Railways Logistics

Jaclyn Jaeger | April 17, 2018

Africa Railways Logistics Limited (ARLL) has been debarred by the World Bank Group for two years for an employee’s attempt to improperly influence the customs and port clearance process for locomotives that were part of two investment projects by the International Finance Corporation (IFC), the private-sector arm of the World Bank Group. This marks the World Bank Group’s first debarment related to an IFC investment.

The debarment makes ARLL ineligible to participate in World Bank Group-financed projects. It is part of a settlement agreement, under which the company acknowledges responsibility for the underlying sanctionable practices and agrees to meet specified corporate compliance conditions as a condition for release from debarment.

Two related companies – Africa Railways Limited (...

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