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Hence the need to harness the energy, capital, and expertise that the private sector is providing. For example, in the case of Africa's infrastructure development, ODA has declined, while private investment has surged to over 50 per cent of external financing. These consultations and the review culminated in the preparation of the Draft Environmental and Social Framework which was discussed with CODE on July 30, 2014. If you would like to receive the monthly updates and factsheets via email, please. This webinar was presented by Elizabeth Mensah and Julia Gallu, Advisories, Compliance Advisor Ombudsman (CAO). Miga environmental and social policies of bangladesh. The higher returns of development: MIGA's catalytic role. Meeting these commitments will require a rapid and far-reaching transitions, which the private sector will play a critical role. Using Performance Standard 4 as the basis, the speakers shared some experiences on the requirements of companies to i) assess the security risk their operations may have or could create for communities; ii) develop ways to manage and mitigate these risks; iii) manage private security responsibly; iv) engage with public security; and v) consider and investigate allegations of unlawful acts by security personnel. CAO has received seven eligible complaints from local communities and dam workers regarding the project since MORE. Le Centre Sheraton Montréal Hôtel. An important component of positive development outcomes is the environmental and social sustainability of projects, which we expect to achieve by applying a comprehensive set of environmental and social performance standards.

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Input has been shared through meetings, expert focus groups, online submissions, and face to face meetings in 30 countries. IAIA members can check out WAB on IAIAConnect. 1]Amount of guarantee exceeds loan princpal to account for interest, MIGA premium and other costs. MIGA shares only 4% of the market, and its coverage is issued at rates similar to those offered by private insurers or ECAs. Private investors need assurance that their portfolios in politically risky countries are guaranteed. An element of this was World Bank participation in the Strengthening and Use of Country Safeguard Systems Regional Workshop: Sharing Experience Strengthening Partnerships, held in Manila in April 2012. It guaranteed Freeport McMoRan Grasberg mine in West Papua (formerly Irian Jaya) where serious human rights violations, indigenous peoples' rights violations and environmental destruction have taken place. Approximately 25 people attended in person with another 15 participating via webex. 00 pm in Room U12-250, MIGA, "World Bank U Building", 1800 G Street, NW, Washington DC. Therefore, the review recommended that the IFC further clarify how it will assure itself of the E&S performance of its financial intermediaries, strengthen its due diligence and supervision of financial intermediary clients and enhance the transparency of IFC-funded portfolios and sub-projects. Miga environmental and social policies of america. Climate change scientists and both governmental and private stakeholders are still relatively under-aware of the potential for EIA/SEA processes to contribute to addressing climate change challenges. Governed by standards that regulate environmental and social performance, these IFIs work with government and the private sector in difficult contexts where project impacts may result in unintended social and environmental harm. The World Bank has prepared and disseminated Guidelines for Environmental Screening and Classification which summarize coverage.

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These complaints raise issues of environmental and social impacts and the IAMs use dispute resolution and/or compliance investigations to address these impacts. Justin Pooley is a Principal Specialist in IFC's Environment, Social & Governance Department and the department's global sector lead for power projects. The primary responsibility for the tasks are listed below. A year later, we devoted a session to updates from the Symposium and initial activities of IAIA's Climate Change Section. Other IAIA-related announcements: Kind regards, Debra and Ariel. There was good discussion of the costs and resources that were needed for the 2010 event, and the need to assure that follow up and sponsorship efforts are addressed. These were further intensified by what are described as "increasing litigation risks faced by the IFC", alluding to the recent, widely publicized case against it (Jam vs IFC). We hope you will join us! CAO in Number: Advisory. CAO launched a study to explore how the concept of a responsible exit was being approached by other actors, and held roundtable discussions with IFC to bring different actors together to compare their approaches and ideas under Chatham House rule. MIGA's NHSOE instrument will be used to support Findeter's local lending operations with a focus on climate finance infrastructure projects that will foster and support green economic recovery in Colombia after the effects caused by the COVID-19 pandemic, and lay out the basis for the stabilization, protection, and reactivation of the Colombian business base. MIGA has probably achieved the latter goal in promoting the private sector, but still has to show that the projects it guarantees have demonstrative effects in development, such as poverty reduction and environmental protection. This site uses cookies to optimize functionality and give you the best possible experience. In addition to reviewing recent experience from on-going assessments of wind power projects in Central and South America, this two-hour session focused on lessons learned and advances in good industry practice, including key changes in the recently updated IFC's Wind Energy EHS Guidelines, and the biological basis for bird and bat monitoring protocols. The private sector is recognised as a critical driver of economic growth, contributing to poverty reduction and higher living standards across the globe.

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Referenced material is found at the following links: Branches are responsible for their operating structure and activities, and operate separately and independently of IAIA. Cumulative Impact Assessment of Hydropower Development in Pakistan: A Case Study in a Critical Habitat in the Jhelum-Poonch Rivers Watershed. Miga environmental and social policies of germany. United Kingdom and Territories||15%||15. Below is a link to the Inspection Panel Case Study for the Uganda Transport Sector Development Project. The Compliance Advisor Ombudsman (CAO): A Public Accountability Mechanism? Please state what language you would prefer.

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IFC's Environmental, Health, and Safety Guidelines. A Brief History of MIGA. CCIA is integral to the thinking of each of these agencies, and several – IDB, World Bank, and IFC – are in the process of up-dating their environmental and/or climate change guidance. Investors use a variety of approaches to mitigate political risk. Coordinators: Ariel Cuschnir and Debra Zanewich. Cambridge, MA: Harvard Kennedy School. The Multilateral Investment Guarantee Agency (MIGA) can assist. Click image to enlarge MIGA provides PRI and credit enhancement for projects in a broad range of sectors in its developing member countries around the world. Environmental and Social Sustainability Policy. He quickly reviewed the history of IAIA's involvement in the topic over the past half dozen years, the increasingly central role that climate change is playing in considerations of planetary boundaries, and key issues that have emerged from on-going discussions within the Climate Change Section and the annual IAIA climate change roundtables. The interactive, adaptable, and web-based nature of the toolkit makes it especially relevant in the current COVID-19 crisis, where companies and assessors need to be able to be agile and responsive to rapidly changing contexts. The current scope of the Environmental Assessment Policy provides an adequate framework for addressing health, safety and security and in this context we have already initiated new training on this matter and will be covering this issue in our updated guidance materials.

A list of international guidance resources and speakers' contact details can be found in the last few slides of their presentation. Presently, lenders and private sector borrowers, and companies with high standards for sustainability are focused on the use of GIS-based screening tools, which rely upon the products of the World Database of Protected Areas, the KBA Partnership, IUCN, and BirdLife. MIGA : Managing environmental and social risks. The decision with respect to classification of projects is the responsibility of MIGA. • Prepare a written summary of the project and potential E&S risks and impacts for public disclosure on MIGA's website. Management does not plan to have a freestanding process for the revision of OP/BP 4. This review has been extremely significant for the accountability world in its scope and depth.

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