What has been the impact of cross debarment so far?
Cross debarment has already made it more difficult for corrupt entities to do business with multilateral development banks. To date, thirty seven entities have been cross debarred pursuant to the Agreement. Cross debarment multiplies the enforcement effect of a single sanction and allows participating institutions to make the most of limited investigative resources.
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Cross debarment has resulted in a more level playing field as it is now impossible for an entity debarred by one MDB to “forum shop” and receive funding from another, thus demonstrating the commitment by MDBs to act in unison when fighting fraud and corruption.