Topic: Multilateral development banks

World Bank settlement points to larger Brazil probe

The World Bank’s anti-corruption unit just debarred a company for an especially small fraud from 13 years ago. The settlement suggests the bank has eyes on something bigger.

02 July 2021

The due process problem in the MDB cross-debarment network

The Asian Development Bank’s appeals policy highlights a due process problem in the cross-debarment network. There’s a “greater prospect of inappropriate decisions that you can’t challenge”, said one corporate defence lawyer.

03 June 2021

World Bank anti-corruption chief sets out vision for INT

Mouhamadou Diagne tells GIR why he has restructured the World Bank’s anti-corruption unit and increased its focus on prevention work.

05 May 2021

Behind the scenes, INT chief makes moves

The head of the World Bank’s anti-corruption unit has finalised his management team.

23 April 2021

Individual debarred for 13 years after World Bank project failures

A World Bank project blighted by cost overruns and governance issues ends with four companies being debarred for a combined six years, and an individual being blocked from future projects for over 13 years.

22 April 2021

World Bank ends SNC-Lavalin debarment early

The Canadian engineering company saw its 10-year debarment with the World Bank end two years early. Several law firms worked on the case.

20 April 2021

IDB sanctions procedures immune from lawsuits, DC court says

A federal judge said US courts are no place for individuals and companies to raise concerns about a multilateral development bank’s alleged due process failings.

06 April 2021

The rise of a new MDB enforcement unit

Hogan Lovells’ Peter Spivack, Malak Hamwi and Salomé Lemasson examine the emergence of the Asian Infrastructure Investment Bank’s sanctions unit, which imposed its first debarment last year.

18 March 2021

World Bank sanctions board rejects narrow definition of agent

A Chinese company tried to argue that it didn’t have to disclose to the World Bank a third party payment. The bank’s sanctions board wasn’t convinced.

16 March 2021

Brazilian lawyer and FTI director join IDB sanctions committee

Two compliance and investigations specialists take over from arbitration lawyers on the Inter-American Development Bank’s sanctions committee, which adjudicates on contested corruption, fraud and collusion cases.

23 February 2021

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