World Bank Listing of Ineligible Firms (Non-Responsible Vendors)
The World Bank maintains a list of firms deemed ineligible to participate in its projects due to issues such as fraud, corruption, or poor performance. This listing helps ensure transparency and accountability in procurement processes. Keeping updated with this list is vital for effective risk management and compliance strategies.
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11 Entities in World Bank Listing of Ineligible Firms (Non-Responsible Vendors)
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
The Red Court Hotel | Company | Aug 22, 2019 | inactive |
Comsis IT Solutions Services | Company | Nov 3, 2021 | active |
Center for Indian Bamboo Resource and Technology | Company | Jan 30, 2024 | active |
Ready Delivery Logistic Services Company | Company | Jul 15, 2020 | inactive |
Solutions For Development Support | Company | Oct 20, 2023 | active |
Community Resilience Initiative | Company | Oct 20, 2023 | active |
Sustainable Solutions Pvt Ltd | Company | Oct 20, 2023 | active |
UNICON Ltd | Company | Jul 19, 2024 | active |
Mekerez Engineering Service | Company | Jun 2, 2021 | inactive |
Economic Study Council Canada | Company | Nov 28, 2018 | 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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