Document Type
Terms of Reference
Publication Date
8-15-1997
Abstract
Prompted by public concern about alleged non-compliance with policies of the Bank Group, and project-specific controversies (such as the Pangue Dam on Chile's BioBio river), the President and top management of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), the two private sector arms of the World Bank Group, have announced their intention to create a review mechanism patterned after the existing World Bank Inspection Panel (which only applies to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)). Mr. Wolfensohn, in particular, has supported the extension of the Panel as part of his initiative to harmonize policies and procedures across the entire World Bank Group. Of course, all parties recognize that the private sector nature of the IFC and MIGA's work may necessitate modifying the existing Inspection Panel's procedures to some extent.
Recommended Citation
Friends of Earth-U.S.; Hunter, David; and Clark, Dana, "Proposal for an Independent Review Panel for the International Finance Corporation Multilateral Investment Guarantee Agency" (1997). CAO Creation Pre-1999. 19.
https://digitalcommons.wcl.american.edu/cao_creation_pre-1999/19
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