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Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
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    World Bank sanctions Senegalaese company

    <i>Xinhua reports that the World Bank banned a Senegal-based company from doing business with the agency.</i> Generale de l&#8217;Ingnierie des Travaux et de l&#8217;Equipement or GENITE joins the list of firms that cannot compete for contracts financed by the World Bank. The agency&#8217;s Department of Institutional Integrity found evidence that the company committed fraud in two World Bank-f&#8230;

    By Newswire Newsletter // 12 June 2008



    Generale de l’Ingnierie des Travaux et de l’Equipement or GENITE joins the list of firms that cannot compete for contracts financed by the World Bank. The agency’s Department of Institutional Integrity found evidence that the company committed fraud in two World Bank-funded projects. GENITE will remain in the institution’s blacklist for a period of two years.

    Source: World Bank debars Senegalese firm for fraud (Xinhua)

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