organizations.”

Toward the end of World War II, Canada was signatory to the international treaty at Bretton Woods, N.H. that formed the World Bank and International Monetary Fund and in doing so, agreed to abide by its conditions, said the decision Friday.

“It is part of the original agreement that in exchange for admission to the international organization, every member state agrees to accept the concept of collective government. As a result, no single member can attempt to control the institution …”

Had the highest court ruled against the World Bank, it’s possible the bank could have claimed Canada was breaking international law.

And a negative ruling towards the bank would have been ironic, since, in 2013, Canadian companies topped the list of organizations banned from doing business with it. Dozens ofCanadian companies are on the latest list of companies that have been banned, or, as the bank puts it, “debarred” due to corruption allegations or improper behaviour.

The case before the court was over bribery charges against officials of SNC Lavalin, the Montreal-based engineering company that is also facing charges for bribery in Libya.

Kevin Wallace, a former SNC Lavalin senior executive, along with Zulfiquar Bhuiyan, a Canadian-Bangladeshi citizen, were charged in 2013 with bribing a foreign public official over a contract to supervise the construction of the planned 6-kilometre long Padma Bridge in Bangladesh.

The bridge proposal was an enormous $2.9 billion undertaking with over a billion of the money coming from the World Bank. After the bribery allegations, the bank cancelled its involvement in the construction of the bridge.

The