World Bank Debars 7 Indonesian Firms

The World Bank has debarred seven Indonesian firms found guilty of misconduct in two separate projects financed by the global lender in the Asian nation.

Under a negotiated resolution agreement, consulting firm PT. Lenggogeni has been declared ineligible to participate in World Bank-financed activities for a period of three years. 

Six other firms have also forged separate negotiated resolution agreements with the bank, namely PT. Bina Karya, PT. Cipta Sanita Mandiri, PT. Sehat Pratama Sejati, PT. Tricon Jaya, PT. DDC Consultants and PT. Jasa Mitra Manunggal. These firms, which provided consultant services under a water resources management project in Indonesia, are ineligible to participate in bank-financed activities for a period of 27 months each.

All seven firms may be released from debarment after their respective periods of ineligibility “provided they implement effective corporate compliance programs and fully cooperate with the World Bank,” according to a World Bank release. 

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About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.