The Multilateralist

World Bank sanctions Serbian company

World Bank sanctions Serbian company

The World Bank has sanctioned a Serbian company for corruption related to a roads project in Uganda:

The World Bank Group today announced the debarment of Energoprojekt Niskogradnja, a Serbian civil engineering and contracting company – for a period of 2.5 years following the company’s acknowledgment of misconduct in a Bank-financed roads and development project in Uganda.

Uganda has been the focus of other recent revelations regarding the misuse of international aid funds. For the Bank, the sanctions are the latest in a string of anti-corruption investigations related to the implementation of its projects. In November, the Bank unveiled an "Integrity App" that allows observers to anonymously report on corruption concerns.