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 |
|---|---|---|---|
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED QINGHUANGDAO BRANCH | Company | Aug 22, 2024 | active |
CONSPRIM – PRIMEIRACRUZENSE CONSTRUCTION COMPANY LTDA | Company | Sep 26, 2013 | active |
OLIGARRY GROUP PANAMA SA | Company | Jan 28, 2021 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED WANGDU BRANCH | Company | Aug 22, 2024 | active |
OGON ASU LIMITED | Company | Mar 28, 2023 | active |
ECOGREEN ENVIROTECH SOLUTIONS LTD | Company | Mar 17, 2021 | active |
INTERNATIONAL REAL ESTATE CONSULTING AND INVESTMENT JOINT STOCK COMPANY | Company | Jul 8, 2024 | active |
GRASCO COMPANY | Company | Jun 18, 2012 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED ZHONGSHAN BRANCH | Company | Aug 22, 2024 | active |
JIUJIANG ZHUOTAI CONSTRUCTION ENGINEERING CO LTD | Company | Jul 26, 2021 | active |
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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