ransparencia

Sanctioned Firms And Individuals

The firms and individuals listed below have been sanctioned by the IDB Group’s Sanctions Committee because they were found to have engaged in fraud, corruption, collusion, coercion, or obstruction in violation of the IDB Group’s anti-corruption policies. These findings were made through an administrative process that permitted the accused firms and/or individuals to respond to the allegations pursuant to the Sanctions Procedures. Sanctions are meant to prevent and deter fraud and corruption in IDB Group-financed activities.

The Sanctions Committee may impose any sanction that it deems to be appropriate under the circumstances, including but not limited to reprimand, conditions on future contracting and debarment. Debarred firms are declared ineligible to be awarded and participate in any IDB-financed contract for the periods indicated. Ineligibility may extend to any firm or individual who directly or indirectly controls the debarred firm or any firm which the debarred firm directly or indirectly controls. In the case of a debarred individual, ineligibility may extend to any firm which the debarred individual directly or indirectly controls.