Sanctions Mechanisms of the World Bank on the Matter of International Corruption

Abstract

This chapter deals with the sanctioning mechanisms at the disposal of the World Bank in matters of corruption, collusion and fraud and looks at how these mechanisms may have an influence on public contracts concluded by beneficiary states when carrying out loan agreements with the World Bank. It looks at review mechanisms available for the World Bank both before and after entering into contracts with the national governments, and it analyses the effect such review mechanisms may have on contracts concluded at the national level.

Keywords: World Bank, public procurement, sanctions

JEL Classification: K23