The Inter-American Development Bank (IDB) today announced the debarment of GL Systems LLC (“GL Systems”), an American company, for four years in connection with allegations of prohibited practices in three IDB-financed activities: (i) the Program for the Modernization of Customs, Excise and VAT Areas in Barbados, (ii) the Barbados Competitiveness Program, and (iii) an IDB corporate procurement contract.
This is the IDB’s first debarment resulting from a Negotiated Resolution Agreement (“Settlement Agreement”), which was negotiated and entered into by the IDB’s Office of Institutional Integrity (“OII”), in accordance with the IDB Group’s Sanctions Procedures. GL Systems entered into the Settlement Agreement on behalf of itself and the custom software product lines of the business formerly known as GreenLine Systems, Inc. and A-T Solutions, Inc.
The Settlement Agreement provides for a reduced period of debarment in light of GL Systems’ cooperation, including an internal investigation conducted on its behalf. Under the terms of the Settlement Agreement, GL Systems commits to retain an independent third-party consultant in order to analyze its compliance program and identify any gaps with internationally recognized standards, and to address any existing deficiency. The debarment may be extended to seven years if GL Systems fails to comply with this commitment or other terms of the settlement.
The debarment of GL Systems qualifies for cross-debarment by other multilateral development banks (MDBs) under the Agreement for Mutual Enforcement of Debarment Decisions that was signed on April 9, 2010.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.