104-02

The Respondent Firm (“Respondent”) was a member of a consortium, which participated in a bidding process under the Innovation in School Infrastructure Program in Panama (the “Program”). The Office of Institutional Integrity (“OII”) submitted a Statement of Charges and Evidence against the Respondent and the other parties constituting the consortium for allegedly engaging in a fraudulent practice related to the Program. OII’s specific accusation was that the Respondent submitted falsified documents regarding its technical capacity to meet tender requirements, qualify for the award of the contract, and obtain a financial benefit. Consequently, and in accordance with the Sanctions Procedures, the Sanctions Officer (“SO”) issued a Notice of Administrative Action (“Notice”) to the Respondent. The Respondent did not submit a Response to the Notice.

The SO determined that it was more likely than not that the Respondent engaged in a fraudulent practice. As a result, the SO imposed a sanction of debarment for a period of three (3) years, during which time the Respondent will be ineligible to participate or be awarded contracts for projects or activities financed by the Bank Group.

In accordance with the Sanctions Procedures, the sanction imposed entered into force immediately and the Bank provided notice of this declaration of ineligibility to the other Multilateral Development Banks that are a party to the Agreement for Mutual Enforcement of Debarment Decisions.