Consultation on the proposed IFC/MIGA Approach to Remedial Action

IFC-WBG-horizontal-PMS

The proposed IFC/MIGA Approach to Remedial Action is part of IFC’s and MIGA’s ongoing efforts to strengthen accountability throughout the project cycle and also reflects IFC/MIGA’s commitment to explore the recommendations of the “External Review of IFC/MIGA’s E&S Accountability, including the CAO’s Role and Effectiveness Report and Recommendations.”

The public consultation focused on the proposed IFC/MIGA Approach to Remedial Action and also provided an opportunity to consult on the draft IFC responsible exit principles. The feedback gathered during the consultation process will be considered as the proposed IFC/MIGA Approach to Remedial Action and the draft IFC responsible exit principles are refined.

 

Public Consultation

(February 21 – April 20, 2023)

Informational Presentation: Proposed IFC/MIGA Approach to Remedial Action

Translations: Proposed IFC/MIGA Approach to Remedial Action

Translations: Draft IFC Responsible Exit Principles

Formal events during the public consultation period included the following:

  • February 28, 2023: 9am EST: Informational Session: The session will brief stakeholders on:
    • An overview of the consultation process and the timeline
    • Proposed IFC/MIGA Approach to Remedial Action:
      • Background, context, and process for the development of the Approach to Remedial Action
      • Key elements of the Approach to Remedial Action
      • Next steps and pilot period
    • Draft IFC responsible exit principles
  • Consultation Meetings:
    • The following meetings took place and were open to all stakeholders:
      • March 3, 9:00am EST, Hybrid, Location: IFC, Washington, DC (English)
      • March 16, 2:00pm UTC, Virtual (French)
      • March 23, 2:00pm UTC, Virtual (English)
      • March 29, 8:30am IST / 10:00am ICT, Virtual (English)
      • March 30, 11:00am UTC+2, Virtual (Arabic)
      • April 4, 10:00am EDT, Virtual (Spanish, with Portuguese Interpretation)
  •  Invite-only meetings also took place for the following stakeholder groups:
    • IFC/MIGA clients (Report);
    • Independent Accountability Mechanisms (Report); and
    • Development Finance Institutions (Report).
       
  • Questions? please email: accountabilityconsultation@worldbankgroup.org.
 

Last updated: October 2024