Multilateral development banks provide tens of billions of dollars in financing every year. To ensure that this money gets to its intended beneficiaries, MDBs have developed their own systems of investigation and sanctions for fraud, corruption and other misconduct. In this episode, Liu Chang, Counsel at the World Bank’s Office of Suspension and Debarment, discusses the World Bank’s sanctions system from its legal underpinnings to adjudication to compliance, as well as integrity cooperation among MDBs and current challenges in the field.
