PRESS RELEASE

World Bank Announces Three Negotiated Resolution Agreements

February 8, 2017

WASHINGTON, February 8, 2017— The World Bank Group this week announced the debarment of Lao-Asie Consultants Group for 18 months corrupt practices involving bribe payment under the Lao Road Sector Project.  The debarment is part of a Negotiated Resolution Agreement (NRA) following the acknowledgement of misconduct.

Sequeira Ingenieros, S.A. – SEQUINSA (SEQUINSA) for two years for collusive and fraudulent practices under the World Bank-financed Hurricane Felix Emergency Recovery Project in Nicaragua.   Ingenieros Civiles Asociados S.A. (ICA) was also debarred for two years for collusive practices while bidding for a road construction contract under the World Bank-financed Urban Infrastructure Project in Bolivia. 

The aforementioned sanctions are part of Negotiated Resolution Agreements and qualify for cross-debarment by other MDBs under the Agreement of Mutual Recognition of Debarments that was signed on April 9, 2010.  Under the terms of the NRAs, the sanctioned entities will not be eligible for any World Bank-financed contracts through the debarment period.

Media Contacts
In Washington
Dina Elnaggar
Tel : (202) 473-3245
delnaggar@worldbank.org

PRESS RELEASE NO:
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