Cross Debarment: A new global tool against corruption

April 28, 2010
The cross debarment agreement signed recently by the world’s top multilateral banks is a milestone for the anticorruption agenda.  Due to come into force by mid-year, the agreement says that if one Multilateral Development Bank (MDB) declares a firm or individual ineligible for procurement contracts because of fraud and corruption, then all the other MDBs will do the same.