The World Bank Group Sanctions Board Publishes Full Decisions for the First Time
Countries financed by The World Bank Group (Bank) award contracts worth tens of billions of dollars annually to multinational and other companies that help developing countries with infrastructure and other projects. The Bank has a well-developed and professionally staffed integrity program that addresses corruption and fraud issues that arise in connection with these contracts. While numerous companies have been debarred from participating in World Bank financed procurements for violating the Bank's Procurement and Consultant Guidelines, the Bank has not historically published its fully reasoned debarment decisions in contested cases. Notably, on May 30, 2012, the Bank implemented a policy change with an initial release of eight Sanctions Board decisions. More will follow as decisions are made.