The World Bank Group (the Bank) issued its fourth joint Sanctions System Annual Report on October 18, covering the Bank’s fiscal year from July 1, 2020 through June 30, 2021. The report includes updates by the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD), and the Sanctions Board.
Notably, the number of complaints INT received in FY2021 increased significantly compared to FY2020, even though enforcement efforts slightly declined from prior years. INT submitted fewer cases to OSD, and OSD reviewed fewer cases and settlements; meanwhile, the number of cases before the Sanctions Board remained steady.
For more information about the Bank’s report, read the blog post on the Steptoe Investigations & Enforcement Blog.
###