Compliance Mechanisms and Monitoring

In 2010, the World Bank Integrity Vice Presidency appointed an Integrity Compliance Officer to monitor integrity compliance by sanctioned companies (or codes of conduct for individuals). The officer also decides whether the compliance condition— and/or others established by the Sanctions Board or a World Bank Group (WBG) evaluation and suspension officer as part of a debarment—has been satisfied.

The WBG Integrity Compliance Guidelines incorporate standards, principles, and components commonly recognized by many institutions and entities as good governance and antifraud and anticorruption practices. They are not intended to be all-inclusive, exclusive, or prescriptive; rather, a party's adoption of these guidelines, or variants thereof, should be determined based on that party's own circumstances.

As part of the WBG's continuing effort to improve its sanctions regime, the existing sanction of debarment with conditional release has become the default or baseline WBG sanction for cases initiated under the Bank Group's revised Sanctions Procedures effective September 2010. The establishment (or improvement) and implementation of an integrity compliance program satisfactory to the WBG is a principal condition to ending a debarment (or conditional nondebarment) or, in the case of some existing debarments, early termination of the debarment.

Conable, Barber B.

(See Presidents of the World Bank Group.)

Concessional Finance and Global Partnerships

(See Development Finance.)

Concessional Lending

(See also Products and Services.) IDA lends money on concessional terms. This means that IDA charges little or no interest and repayments are stretched over 25-40 years, including a 5- to 10-year grace period. IDA has become the leading source of concessional lending to 82 of the world's poorest countries, with 40 countries in Africa.

 
< Prev   CONTENTS   Next >