The World Bank is conducting a global, multi-stakeholder consultation on the World Bank Group’s Sanctions System. The consultation is intended to help the Group evaluate the implementation of the system thus far, with a view to identifying possible entry points for making improvements.
The Sanctions System is an administrative process for sanctioning firms and individuals found to have engaged in corrupt, fraudulent, collusive, coercive or obstructive practices in connection with Bank-financed projects. This system provides parties alleged to have engaged in a sanctionable practice with a level of due process before a decision on sanctions, if any, is imposed. To capture any areas that may need improving, the Legal Vice Presidency of the World Bank Group is conducting consultations with external stakeholders to solicit feedback on the system.
According to the World Bank, the consultation aims to:
- Solicit the views of external stakeholders on the ‘track record’ of the Sanctions System and the implementation of the various reforms of the system to date.
- Solicit the views of external stakeholders on the main findings and recommendations of the Bank’s review team in the Phase I report, which are summarized in an Initiating Discussion Brief, available at www.worldbank.org/legal/sanctionsreview.
For more information on the review and consultation process and to submit feedback, please visit www.worldbank.org/legal/sanctionsreview. Feedback may be submitted online or by email. The consultation period will run through September 30, 2013.
