What are the advantages of cross-debarment?
Once implemented, cross-debarment will be a new enforcement tool in MDBs’ fight against fraud and corruption. It widens the net catching fraudulent or corrupt firms and individuals worldwide, and it increases considerably the potential penalties for these entities, as well as potential losses. An innovative coordinated global initiative, cross-debarment creates a formidable additional deterrent to firms and individuals actively involved in fraud and corruption in development projects, and possibly a considerable incentive for firms to clean up their operations.
