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IFC/MIGA Independent Accountability Mechanism (CAO) Policy

As members of the World Bank Group, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) believe that an important component of achieving positive development outcomes is the environmental and social sustainability of IFC and MIGA-supported business activities. IFC and MIGA pursue such environmental and social sustainability by applying their respective policies on environmental and social sustainability and associated performance standards. The Office of the Compliance Advisor Ombudsman (CAO) was established in 1999 to address complaints related to IFC/MIGA Projects and to enhance environmental and social outcomes of these projects. This IFC/MIGA Independent Accountability Mechanism (CAO) Policy, which supersedes and replaces in its entirety the CAO Operational Guidelines and CAO Terms of Reference, outlines CAO’s purpose, mandate and functions, core principles, governance, and operating procedures. Also, upon the adoption of this Policy, CAO will report to the Board.

DETAILS

  • IFC/MIGA Independent Accountability Mechanism (CAO) Policy

  • 6/23/2021 12:00:00 AM

  • 10/8/2023 03:02:00 PM

  • IFC, MIGA

  • Report (Report)

  • English

  • World

  • Law and Development,Social Development,Public Sector Development

  • As members of the World Bank Group, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) believe that an important component of achieving positive development outcomes is the environmental and social sustainability of IFC and MIGA-supported business activities. IFC and MIGA pursue such environmental and social sustainability by applying their respective policies on environmental and social sustainability and associated performance standards. The Office of the Compliance Advisor Ombudsman (CAO) was established in 1999 to address complaints related to IFC/MIGA Projects and to enhance environmental and social outcomes of these projects. This IFC/MIGA Independent Accountability Mechanism (CAO) Policy, which supersedes and replaces in its entirety the CAO Operational Guidelines and CAO Terms of Reference, outlines CAO’s purpose, mandate and functions, core principles, governance, and operating procedures. Also, upon the adoption of this Policy, CAO will report to the Board.

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