What is the Sanctions Committee and what sanctions can it impose?
The Sanctions Committee is comprised of five Bank staff members appointed by the President and is responsible for reviewing the evidence discovered in the course of investigations into allegations of fraud and corruption. The Committee determines whether allegations are well founded and if sanctions are appropriate on the basis of the information provided by OII and parties subject to the investigation. 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 from participating in IDB Group-financed activities.
