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4/14/15: In 2014, the World Bank invested some $65 billion in international projects. That’s serious money but it carries with it noteworthy conditions and risks for contractors on World Bank-funded projects. According to an article by Wendy Wysong, Michelle Mizutani, and Montse Ferrer in Corporate Compliance...Insights, “When bidding on a World Bank project, a company should be aware that it becomes subject to the contractual anti-corruption measures between the bank and the borrowing country or company, including audit rights, lower evidentiary standards, and non-appealable decisions.” The authors explain the most serious consequence of violating those measures, including the ultimate consequence of debarment.
