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Ignoring integrity risks in emerging markets when receiving financing from the World Bank Group (WBG) is about to become much riskier, as the WBG Sanctions System Annual Report for...
In October, the World Bank Group (WBG) published its third Sanctions System Annual Report for Fiscal Year 2020 (FY20), which covers the period from 1 July 2019 to 30 June 2020. The report provides a detailed look at the recent activities of the three units of the WBG's Sanctions System – the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD), and the Sanctions Board – and provides important insights into priorities for the coming year. An overview of activities in FY20 The WBG's Sanctions System addresses allegations that firms and individuals involved in WBG-f...