Blacklisted by the World Bank, How Can Firms Participate in the Belt and Road?
Multilateral development banks, such as the World Bank, enforce strict compliance procedures for their borrowers, along with regulations on investigations and sanctions for non-compliance. Being blacklisted by these banks has significant negative consequences. Taking an active role in proceedings may prevent an enterprise from being sanctioned. The World Bank provides guidelines on establishing a compliance management system in its Integrity Compliance Guidelines. Chinese enterprises participating in the Belt and Road Initiative or other overseas projects should utilise compliance programs as a means of protection against compliance risks. This will allow enterprises to make the most of all the possible opportunities along the Belt and Road.