Topic: Multilateral development banks

EBRD official: Debarment is not the key anti-corruption tool

“People focus on the investigation and debarment function of MDBs as the key tool for the fight against corruption. And I personally don't necessarily believe that to be the case,” the EBRD’s compliance chief said in an interview.

12 August 2020

World Bank’s enforcement approach needs review, say lawyers

Lawyers say the World Bank’s use of debarment is outdated and needs to be changed. “I think it’s time to do so,” said one former official.

31 July 2020

MDB anti-corruption teams focus on covid-19 funds

“When you go from $60 billion to up to $160 billion, it sounds like an environment for increased fraud and corruption,” said one former World Bank official.

01 June 2020

Inter-American Development Bank grows as enforcer

The Inter-American Development Bank has recently been prioritising “high-impact” cases and developing new relationships with government enforcement agencies.

26 May 2020

Our enforcement approach is changing, says ADB anti-corruption chief

The Asian Development Bank has become more flexible in what punishments it hands out to misbehaving companies, the organisation’s anti-corruption chief said in an interview.

18 May 2020

World Bank anti-corruption chief left amid internal tensions

The sudden departure of Pascale Dubois in November is emblematic of problems at the organisation’s enforcement arm.

26 February 2020

Alstom-linked bribery leads to record development bank ban

The European Bank for Reconstruction and Development imposed its longest-ever debarment after a joint probe with the UK SFO into historic bribery at a Swedish power company.

28 November 2019

FCPA felon appeals sentence over ‘fundamental procedural error’

In appealing a Pennsylvanian businessman’s five-year sentence for foreign bribery, defence counsel criticised the judge who handed down the prison term.

24 January 2018

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