Topic: Multilateral development banks

Despite headwinds, World Bank enforcement appears steady

“I was truthfully very shocked that they said they started 40 new investigations in the past fiscal year,” said one leading corporate defence lawyer.

08 November 2021

New MDB anti-corruption unit: “We have ample resources”

A senior official at the Asian Infrastructure Investment Bank said the organisation is ready to ramp up resources to investigate fraud and corruption should complaints increase.

27 October 2021

Inside SNC-Lavalin’s World Bank monitorship

SNC-Lavalin’s compliance chief and monitor talk to GIR about the eight years the engineering company spent under the World Bank’s supervision. “Just when you feel like you have figured out the business, it changes,” said the monitor.

01 October 2021

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

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