World Bank Listing of Ineligible Firms and Individuals - Procurement
The World Bank's listing of ineligible firms and individuals identifies firms and individuals who are barred from participating in World Bank-funded projects due to misconduct or failure to comply with procurement regulations. This list helps ensure transparency and integrity in procurement processes, allowing organizations to avoid engaging with ineligible entities. Staying informed on this list is crucial for maintaining compliance and fostering ethical business practices within the global development sector.
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1,704 Entities in World Bank Listing of Ineligible Firms and Individuals - Procurement
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
MR SELCUK YORGANCIOGLU | Individual | Apr 19, 2023 | inactive |
MR DENI CASMADI | Individual | Dec 3, 2010 | active |
MR YUEHUA BAI | Individual | Oct 18, 2021 | active |
ALEJANDRO GUERRA FEO | Individual | Jul 15, 2014 | inactive |
JOAQUIN FABREGA GARRE | Individual | Jan 28, 2021 | inactive |
YUEHUA BAI | Individual | Oct 18, 2021 | inactive |
GONZALO DARWIN ESPINOZA GUERRERO | Individual | Sep 24, 2021 | inactive |
FELIX ESPINOZA MARTINEZ | Individual | Sep 24, 2021 | inactive |
ABEL KHEMRAJ RAI | Individual | Nov 29, 2016 | inactive |
MADDEN-COLON SA DEALERSHIP | Company | Sep 25, 2019 | inactive |
FAQs
Why is compliance with the World Bank Listing of Ineligible Firms and Individuals - Procurement necessary?
Compliance with the World Bank's Listing of Ineligible Firms and Individuals is crucial for maintaining the integrity of procurement processes. Adhering to these listings helps ensure that only qualified, ethical entities participate in projects funded by the World Bank, thereby safeguarding public resources. Non-compliance risks severe penalties, including disqualification from future contracts and damage to reputations. Ultimately, compliance fosters a fair competitive environment, promotes accountability, and supports the effective use of funds intended for development and public welfare.
Which companies should comply with World Bank Listing of Ineligible Firms and Individuals - Procurement?
Companies involved in procurement, particularly in sectors like construction, engineering, and consulting, must comply with the World Bank Listing of Ineligible Firms and Individuals. This compliance is essential to ensure transparency, integrity, and fair competition in projects funded by the World Bank. Engaging with ineligible entities can lead to legal repercussions, financial losses, and damage to reputation.
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