Law & Practice Series Talk
Managing Integrity Risks in Global Development: An Overview of the World Bank Sanctions System
Date & Time: December 6, 2024 (Friday) 11:00am-12:00pm
Venue: Room 824, 8/F, Cheng Yu Tung Tower, The University of Hong Kong
Language: English
Please note that this is an in-person event.
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.
Chair:
Prof. Ying Xia is the Director of Philip K.H. Wong Centre for Chinese Law, Assistant Professor at The University of Hong Kong.
This is an in-person only event for the audience. Prior registration is required. Please visit https://bit.ly/3YRnlr4 to register. For inquiries, please email Louisa at .
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