MDBs are financial institutions funded by nations to boost economic development in countries needing assistance. When investigating wrongdoing on contracts, they have far-reaching powers, are not bound by borders and can impose heavy sanctions.
/ Legal Articles / Multilateral Development Bank (MDB)
Joshua Ray of financial crime specialists Rahman Ravelli explains why we should not be surprised by multilateral development banks taking more punitive action.
By Joshua L. Ray
14 April 2021
2 min read
Joshua Ray of Rahman Ravelli and Guidepost Solutions’ Christopher Kim detail the correct approach that companies should take if they receive a World Bank audit letter.
By Joshua L. Ray
16 December 2020
2 min read
Last month’s announcement that the US International Development Finance Corporation (DFC) opened an office in Belgrade was no doubt welcome news for the Balkan business community. The relatively new agency, created in 2019 through a merger...
By Joshua L. Ray
28 October 2020
4 min read