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 |
|---|---|---|---|
STRATEGIC ASIA GLOBAL LTD | Company | Dec 16, 2020 | active |
ODEBRECHT INDUSTRIAL INC | Company | Sep 25, 2019 | inactive |
THANG LOI GROUP CO LTD | Company | Apr 5, 2016 | active |
DONAEV MANAGEMENT CONSULTING | Company | Mar 13, 2020 | active |
TAI’AN BRANCH OF WEIHAI CONSTRUCTION GROUP CO. LTD. | Company | Feb 14, 2022 | inactive |
FUTURE NETWINGS SOLUTIONS LLC | Company | Jun 20, 2024 | active |
NANHAI NEW AREA BRANCH OF WEIHAI CONSTRUCTION GROUP CO LTD | Company | Feb 14, 2022 | inactive |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED WENZHOU BRANCH | Company | Aug 22, 2024 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED MEIZHOU BRANCH | Company | Aug 22, 2024 | active |
SOFTTECH IT SOLUTIONS AND SERVICES LTD | Company | Mar 29, 2022 | 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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