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The World Bank has debarred a Ghanaian company for paying bribes in deals connected with a $17.6 million urban sanitation project in Liberia.
Waste management company Zoomlion Ghana will not be eligible for any contract financed by the World Bank for two years, after the firm acknowledged misconduct in the Emergency Monrovia Urban Sanitation Project.
According to the World Bank the company “paid bribes to facilitate contract execution and processing of invoices”.
The bank said the debarment was part of a “negotiated resolution agreement” that acknowledged the company’s “cooperation and disciplinary measures against staff involved in the misconduct”.
As part of the settlement the company will need to demonstrate “full and satisfactory compliance with the World Bank integrity standards”. The sanction came into force on 24 September.
Leonard McCarthy, integrity vice president at the World Bank, said: “This is a case where a company under a World Bank investigation is demonstrating responsibility for wrongdoing by enforcing disciplinary action and committing to a new standard of integrity governing its operations.
“Promoting this type of corporate responsibility while holding companies accountable for wrongdoing is one of the strategic pillars of the World Bank’s anti corruption strategy.”
The Liberian sanitation project, costing $17.6 million, is designed to assist the Monrovia City Corporation in providing waste services and increase the volume of collected waste from around 30 per cent daily to 45 per cent.