Clifford Chance

World Bank Debarment: Another consequence of bribery Asian companies need to know

30 March 2015

In addition to the widely publicized penalties, prison terms, and the associated costs of investigation and defense, another less well-known consequence of bribery is debarment from contracting on projects funded by the World Bank. Not only does the debarment affect a company's ability to bid for the multi-million dollar projects in emerging markets funded by the World Bank, a company may also be cross-debarred from projects financed by other multilateral development banks and may appear as a "blacklisted" company on due diligence checklists even after the debarment period. For the last two years, companies and individuals in the Asian region were hit harder with sanctions than any other region.

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