Its use of sanctions are at a seven-year high after is management increased efforts to eradicate fraud and corruption in its projects around the world. Companies can be permanently debarred from working for it. Although many of the debarments relate to one company and its 100-plus subsidiaries, the number of matters investigated each year is on a markedly upward slope.
Global brief
Its director of operations in its integrity division told The Financial Times: 'The World Bank is unique in that it’s the only office in the world that looks at corruption cases globally; law enforcement tends to be national by its nature.'
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