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The European Law Firm for
Regulatory, Competition and Trade.
The European Law Firm for
Regulatory, Competition and Trade.
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World Bank Sanctions System Annual Report 2020

Here are some interesting summaries of the Annual Report:

Grafik1World Bank chart2World Bank chart3

Five firms undertook to comply with the cooperation requirements and six firms continued to comply with the ongoing cooperation requirements of settlements from previous fiscal years. These 11 firms were obliged to hire an independent investigator to carry out 32 investigations.

66 investigations were still active at the end of FY20, 16 open for over 18 months, 11 for 12-18 months and 39 open for less than 12 months.

BLOMSTEIN constantly monitors the sanction activities of the World Bank and will continue to report on further developments. If you have any questions about the World Bank’s sanction system or that of any other Multilateral Development Bank, please don’t hesitate to reach out to Roland Stein or Bruno Galvão. Roland and Bruno will be more than happy to assist you.

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** Debarments for a period of exactly X years are in the higher category (i.e., a 3-year debarment is in the category “3-4 years”).