The World Bank Group is undertaking a stock-taking exercise to evaluate and review its Sanctions System. The World Bank Group’s 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 a level of due process before a decision on sanctions, if any, is imposed.
This stock-taking exercise (Phase I) will help the World Bank Group to evaluate the implementation, efficiency and effectiveness of the Sanctions System and will identify possible entry points for making improvements. To adequately capture issues of implementation, efficiency, and effectiveness of the Sanctions System, the Legal Vice Presidency of the World Bank Group is conducting consultations with external stakeholders to solicit feedback on the system. Phase II of the review will address the larger, first-principles issues of the overall efficiency and effectiveness of the system.
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.
- Solicit the views of external stakeholders on the main findings and recommendations of the review team in the Phase I report, which are summarized in the Initiating Discussion Brief.
The input received from the consultation will inform a final report that the World Bank’s Legal Vice Presidency will present to the Audit Committee of the World Bank’s Board of Executive Directors in late 2013.
For more information on the review process and preliminary findings, please see the Consultation Materials available on this website.