This is Idasa’s Economic Governance Programme’s submission on the International Finance Corporation’s review of its performance standards and information disclosure policy.
Following the World Bank’s recent revision of its information disclosure policy, its private sector lending division, the International Finance Corporation, invited comments from interested stakeholders on its review of its Performance Standards on Social and Environmental Sustainability and its Information Disclosure Policy.
The IFC is an extremely influential institution, as its performance standards have been adopted by a large number of private banks through the Equator Principles as a “financial industry benchmark for determining, assessing and managing social & environmental risk in project financing”. See http://www.equator-principles.com/
Idasa’s Economic Governance Programme seeks to promote the democratisation of economic decision-making processes and resource management through citizen engagement to achieve sustainable socio-economic justice in Africa.