Managing Integrity Risks in Global Development: An Overview of the World Bank Sanctions System

Описание: Philip K.H. Wong Centre for Chinese Law - Law & Practice Series Talk
Managing Integrity Risks in Global Development: An Overview of the World Bank Sanctions System

Abstract:
In the last fiscal year, the World Bank Group (WBG) committed $117.5 billion in global development funding through various instruments. Together with similar efforts by other multilateral development banks (MDBs), these fundings aim to address the intertwined challenges of poverty reduction, climate resilience, food security, energy access, and economic stability. How do the WBG and other MDBs manage integrity risks within such large-scale projects? This talk introduces the World Bank Sanctions System, a framework designed to safeguard accountability and combat fraud and corruption, as a model for MDB integrity risk management. In light of China’s increasingly important role in MDB finances and the participation of Chinese companies in MDB-funded projects, the talk will also examine recent cases, developments, and trends involving China, highlighting the progress China and Chinese companies have made in fostering integrity within MDB projects.

Speaker:
Mr. Chang Liu serves as Counsel at the World Bank's Office of Suspension and Debarment (OSD), where he reviews sanctions cases to assess whether respondents' contract eligibility should be suspended. Before joining the World Bank, Mr. Liu practiced at leading international firms and clerked at the U.S. District Court for the Southern District of New York. In private practice, he advised clients on white-collar defense, internal investigations, and complex cross-border commercial disputes. Mr. Liu holds a J.D., cum laude, from Harvard Law School.

Date & Time: December 6, 2024 (Friday) 11:00am-12:00pm

Philip K.H. Wong Centre for Chinese Law (香港大學法律學院黃乾亨中國法研究中心) at The University of Hong Kong promotes legal scholarship with the aim to develop a deeper understanding of China and facilitate dialogue between East and West. For more information, visit: https://www.ccl.law.hku.hk/