In 2009-2010, the International Finance Corporation (IFC) will revise its Policy on Social and Environmental Sustainability, Performance Standards, and Disclosure Policy (together, the "Sustainability Framework") for the first time since they were adopted in 2006.
These standards govern how communities and the environment are protected during project implementation and stipulate what information is publicly available for IFC-financed projects.
The review presents an important opportunity for civil society to push for stronger standards within IFC's policies, which also serve as an industry standard and influence how other private companies and financial institutions operate.
BIC will collaborate with regional partners and northern CSOs, including those with gender expertise, throughout the IFC policy review process. BIC’s regional programs will focus on coordinating activities with partners to provide input into the review based on their experience engaging with IFC on the implementation of its policies at the project level.
See the proposed timeline on the review process for key dates.
See some of the key issues that BIC and others are focusing on in the review.
This page was last modified on November 4, 2009