n A
declaration that an individual, entity or
firm is ineligible, either permanently or
the persons involved from obtaining future financing from the Bank Group.
for a stated period of time, to be awarded and/or participate in contracts under Bank-
If the OCFC determines that there is evidence
financed projects.
of fraud or corruption in connection with a project financed by another international
n The
imposition of fines to reimburse
or multinational organization, including
the Bank for costs associated with
another development bank, or by an agency
investigations and/or the proceedings.
of a member government that promotes international development, it may directly, or
Beginning in 2007, the names of those found
through OII, share the relevant information.
to have violated the policies will be made public, along with the type and length of
The Bank Group may also take additional
sanction imposed.
measures as a result of OII’s investigative findings, ranging from suspension of
In addition to the sanctions process, if
disbursements to termination of contract; it
it appears that the laws of a member
may cancel the part of the financing pertaining
government may have been violated, OII may
to the procurement of various goods and
inform the OCFC, which retains the authority
services; or it may accelerate the loan or cancel
to make a recommendation to the President of
undisbursed balances. These may be done
the Bank Group that the matter be referred to
either with or independent from any other
appropriate governmental authorities.
sanctions.
Likewise, in the context of an IIC-financed project, the OCFC—together with IIC management—have the responsibility to adopt a wide array of measures, e.g. excluding
44 | www.iadb.org/oii
Office of Institutional Integrity | Annual Report 2006