World Bank Group Debars GenKey Solutions B.V.
United States, July 8 -- The World Bank Group today announced the 18-month debarment with conditional release of Netherlands-based GenKey Solutions B.V. ("GenKey"), in connection with a fraudulent practice as part of the Social Safety Nets Project in the Republic of Liberia that became effective in 2017.The project was designed to establish the key building blocks of a basic national safety net delivery system and provide income support to Liberian households who are both extremely poor and food insecure. According to the facts of the case, GenKey failed to disclose commissions paid or to be paid to an agent in connection with a contract under the project. GenKey did so recklessly due to the inadequacy of its internal controls and supervisi...
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