1 Cross debarment is a procedure established by five multilateral development banks—the African Development Bank Group (‘AfDB’), the Asian Development Bank (‘ADB’), the European Bank for Reconstruction and Development (‘EBRD’), the Inter-American Development Bank (‘IADB’), and the World Bank Group (‘WB’)—in order to mutually enforce their debarment actions with respect to four harmonized sanctionable practices, ie corruption, fraud, coercion, and collusion. Consequently, firms and individuals debarred by one of these banks could then be sanctioned, for the same...
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