Pakistani-British Barrister and Arbitrator Mahnaz Malik Named One of Seven External Judges on World Bank Sanctions Board

Pakistani-British Barrister and Arbitrator Mahnaz Malik Named One of Seven External Judges on World Bank Sanctions Board

Pakistani-British Barrister and Arbitrator Mahnaz Malik Named One of Seven External Judges on World Bank Sanctions Board

World Bank Sanctions Board

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London, UK: Pakistani-British barrister and arbitrator Mahnaz Malik has been appointed to the prestigious position of one of seven external judges on the World Bank Sanctions Board. This independent tribunal makes final decisions in cases of sanctionable misconduct, such as corruption and fraud, in World Bank-financed development projects.

Malik brings over 23 years of experience to the Board, having navigated complex cross-border disputes involving governments, corporations, and international organizations. Her expertise spans diverse sectors like mining, energy, construction, and infrastructure, with a particular focus on natural resources, joint ventures, and international investment laws.

Beyond her legal prowess, Malik demonstrates a profound dedication to education and civic engagement. A distinguished alumna of the prestigious Karachi Grammar School, she now serves as a Fellow and Trustee of Hughes Hall College at the University of Cambridge, actively contributing to academic excellence and leadership development.

Malik’s impressive career is marked by numerous accolades, including being one of the youngest ever appointed to the World Bank’s ICSID Annulment Committee and receiving the prestigious UK Financial Times Legal Innovator of the Year Award 2007.

On the Sanctions Board, Malik will join a distinguished panel entrusted with upholding the integrity and accountability of World Bank-funded projects. This critical role demands not only legal expertise but also unwavering commitment to ethical practices and global development goals.

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The Board serves as a crucial safeguard for development funds, acting as the final line of defense against fraud and misconduct. Its independent nature ensures unbiased assessments of allegations and a fair distribution of sanctions, ranging from reprimands to debarment from future projects. With Malik’s diverse background and dedication to ethical practices, the Board gains a valuable asset that bolsters its ability to protect development funds and promote responsible partnerships.

Furthermore, the World Bank Sanctions Board’s decisions have a wider impact on other multilateral development banks (MDBs). Debarments of over one year issued by the World Bank are also subject to mutual enforcement by the African Development Bank Group, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank Group, and other MDBs.

This collaborative approach fosters a global network of accountability, further ensuring that development funds are used efficiently and effectively to improve lives around the world. Ultimately, this unified effort protects the integrity of development funding and optimizes its ability to address global challenges and uplift communities.

 

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