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The second draft ESF proposes an extended coverage of social impacts of World Bank-funded projects, including gender (as part of the non-discrimination principle), labor and working conditions, community health and safety, stakeholder engagement, and a wide range of other social issues. MIGA's status as a member of the World Bank Group significantly strengthens its ability to resolve potential disputes between investors and host countries, and is an important asset in the insurance marketplace. The consultations are planned to be conducted in three phases. Some of these projects could have significant environmental and social (E&S) risks and impacts, and as such, the portfolio is considered high risk. Lawsuits were filed against U. Social safeguard policies on involuntary resettlement and indigenous peoples aim to promote inclusion of the most vulnerable groups, to protect indigenous peoples and those who may be involuntarily displaced, and to mitigate the effects of resettlement on those who have been involuntarily displaced.

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This is the case for the Cambambe hydropower plant in Angola that will increase the country's power capacity by 30 per cent. The broad directions of the Review and Update Processare consistent with IEG's recommendations. Management anticipates mainstreaming the use of country systems in a modified form as an element of this process. It covers a variety of cross-border investments including debt and equity. She has nearly a decade of experience in environmental and social management of renewable energy projects, including compliance with local legislation and IFC's / MIGA's Environmental & Social Performance Standards and Good International Industry Practices for wind and solar energy projects in Costa Rica, Panama, Nicaragua, Honduras, Guatemala, Mexico, and Chile. Category FI is assigned to business activities undertaken by Financial Intermediaries or through delivery mechanisms involving financial intermediation. ExIm's efforts have focused on appropriate consideration of new coal-fired power plant investments. While Bank Management recognizes, as does IEG, the importance of undertaking a comprehensive updating and consolidation of its safeguard policies, it is not yet ready to agree in this detail on the final outcome of that process. MIGA is a member of the World Bank Group and has 182 member states as of September 2022. For example, the Environmental Policy allows MIGA to waive a requirement for consultations with local stakeholders before and during the EIA process if it feels that host country disclosure laws are adequate and have been followed. He is one of the lead authors of the World Bank's recent guidance note on Managing the Risks of Adverse Impacts on Communities from Temporary Project Induced Labor Influx Qays spoke about identifying and managing potential impacts and risks from project induced labor influx, using as a case study some challenges the World Bank faced on a recent project in Uganda. 1c) Consolidate the environmental policies as requirements under one umbrella policy on environmental sustainability. This has resulted in an alignment between the World Bank and IFC on classification of Category A projects. In 2016, CAO developed a Grievance Mechanism Toolkit that has been used by private sector companies in various sectors around the world to help improve grievance response at the project level.

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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. Case examples included Myanmar and India. Its premium and fees income increased by USD 4. The review recommended the establishment of a 'remedial action framework', a clearly defined structure and process for how remedy should be provided if required.

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IFC Management will provide internal guidance to staff regarding categorization as part of the update of its Environmental and Social Review Procedures, which will be finalized at the completion of the ongoing process of updating IFCs Sustainability Framework. MIGA analyzed the Findeter's portfolio for types of transactions, tenor, size, industry sectors, and exposure to MIGA's Exclusion List. MIGA will review its Policy on Social and Environmental Sustainability to make necessary changes and bring its categorization more in line with IFC and the Bank, after IFC revises its Sustainability Policy and proposed changes are endorsed by the Board. They are being used to enhance the self-identify of safeguards staff. The assigned projects may often present complex issues that require significant insight and sector experience to address. Monitoring as a key part of the compliance process to close the loop on CAO findings (see Focus). However, explicit mention would act to reinforce to both staff and our clients the priority which the Bank places on this issue. Mining||15%||12%||13%|. Countries receiving private investments also face risks, including a lack of symmetry in negotiating power, signing contracts with reputational risks if they need to be renegotiated later, social dislocation in project areas, environmental degradation, increased corruption, undermining of democratic politics, and loss of economic value through transfer pricing and tax avoidance. In addition to helping countries attract project finance for strategic infrastructure deals, MIGA offers other instruments that can help mobilize capital. MIGA has used this master contract model with several private equity funds that invest in sub-Saharan Africa.

Miga Environmental And Social Policies

00 pm in Room U12-250, MIGA, "World Bank U Building", 1800 G Street, NW, Washington DC. Revise the policy frameworks to harmonize thematic coverage and guidance across the WBG and enhance the relevance of those frameworks to client needs. While concerns about the risks of instability and expropriation persist, there is also huge opportunity in these markets. Referenced material is found at the following links: Branches are responsible for their operating structure and activities, and operate separately and independently of IAIA. In 1996 MIGA issued a USD 50 million guarantee to Capital Indonesia Power I C. V., an affiliate of General Electric Capital Co. of the United States. World Bank Environmental and Social Safeguards. If you would like to participate, but cannot attend, please let us know so that we can provide WebEx connection details. Following their 10-month review process, the following set of recommendations directed at both IFC/MIGA and the CAO were produced. A CAO investigation of an IFC financial intermediary (FI) investment in a hydropower project in Guatemala raises concerns about the application of environmental and social standards to high-risk investments through FIs, and compliance with Indigenous Peoples MORE.

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The IHA explained its suite of hydropower sustainability tools including the assessment protocol and the ESG Gap Analysis Tool. An approach paper on the safeguard review and update was endorsed by the Board in October 2012, and by April 2013 the first phase of the review, including an extensive global consultation, was completed. This job was posted on Sun Oct 03 2021 and expired on Mon Oct 11 2021. 2 million equity investment in the construction and operation of two 615 megawatt coal-fired power plants at the Paiton Power Generating Complex in East Java. The presenters will provide an overview of the history of the RLE, the KBA Standard, and the critical habitat criteria as applied by multilateral financial institutions (MFIs), Equator Principles financial institutions (EPFIs), industry, and impact assessment practitioners. See: Impact Assessment's Contribution to the Global Efforts in Addressing Climate Change. 36 million[1]equivalent in COP to cover an up to approximately US$200 million equivalent COP loan with a tenor of up to 4 years. This site uses cookies to optimize functionality and give you the best possible experience. The review and update of the World Bank's environmental and social safeguard policies was launched in 2012 with the aim of strengthening their effectiveness and enhancing the development outcomes of World Bank investment projects.

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Wednesday, January 31, 2018 @ 3:00 pm Room U12-250. IAIA and IAIA-WAB co-hosted a joint webinar on a new practical tool for grievance mechanisms: the Compliance Advisor Ombudsman's (CAO) online and interactive GRM toolkit. His presentation is available here. Wednesday, August 23, 2017 @ 3:00 pm.

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• For assigned existing projects being supported by MIGA guarantees, monitor compliance with MIGA's PSs, the WBG EHS guidelines, sector specific guidelines, other relevant policies, and contract specific conditions. "Challenges to Performing ESIA and Implementing Projects in Liberia" – Presentation by Heather Boyd, Acorn International, LLC, and Wassim Hamdan, Earthtime. B) Health, Safety and Security. FI 2: when existing or proposed portfolio expected to include business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential significant adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

United Kingdom and Territories||15%||15. Several members of WAB and the Climate Change Section have been considering the possibility of a follow-up symposium in Washington to the 2010 event. We are delighted to announce our third session for 2018 from 3-5 pm on Wednesday, June 13th 2018: International Financial Institutions (IFIs) provide financial support to development projects across the globe. We look forward to catching up with you and to identifying potential speakers for upcoming sessions. Another reference mentioned during the event is the IFC Good Practice Handbook – Cumulative Impact Assessment and Management: Guidance for the Private Sector in Emerging Markets: 7 January 2016. Justin Pooley and Lori Anna Conzo summarized the changes made in the recently updated World Bank Group EHS Guidelines for Wind Energy in their presentation: EHS Guidelines Update - Wind Energy. While this process and the findings it produced were directed at IFC/MIGA and the CAO, there is huge value in other international financial institutions (IFIs) and IAMs examining these findings and their broader relevance to the field of accountability in development finance. As a result, MIGA insurance is increasingly seen by governments as an effective way to enhance PPPs or quasi-PPPs. Hence the need to harness the energy, capital, and expertise that the private sector is providing. Recruitment Type: International Recruitment. In only 13 percent of cases were remedial actions found to be adequate to bring the project into compliance, while in 87 percent of cases, actions were found to be either partly satisfactory or unsatisfactory.. Financial||38%||34%||42%|. Phase 1 consultations included a series of seven expert meetings on each of the emerging issues identified in the Approach Paper. A proposed investment is classified as: Category A if it may have potentially significant adverse social or environmental impacts that are diverse, irreversible, or unprecedented.

The fund managers may use this contract to raise funds from institutional investors that are interested in taking commercial risks (and returns) associated with the investments but are concerned about political risks. Gregory Lockard, PhD: Greg is a professional anthropologist and cultural heritage specialist with training and experience in social work. This 'crowding in' of private sector finance in support of projects with high development impact is the Agency's core mandate. L to r: Duncan Eccleston (EDM International, speaker), Cheryl Wasserman (chair of the IAIA Governance and Implementation Systems section), Charlotte Bingham (Past President IAIA), Rick Harness (EDM International, speaker).

Additionally, it found that investors continued to rank political risk as a key obstacle to investing in developing countries. After appraisal, 2 cases regarding the Tata Ultra Mega power plant in India and Bujagali hydropower project in Uganda were merged into ongoing monitoring of IFC. Josefina spoke about the challenges of managing workforce challenges associated with large mega-projects. In 1991, the number of member states of MIGA topped 100. The projects included the Henri Konan Bedié toll bridge in Abidjan, the introduction of combined cycle technology to the Azito thermal power plant, and the construction and operation of an offshore oil and gas facility. This process was initiated in October 2012 and is expected to continue till end-2014. To help ease the flow of foreign investment dollars into certain regions, the agency supports and runs a number of international projects.

Jon Paul Rodríguez, PhD: Jon Paul is Professor at the Center for Ecology of the Venezuelan Institute for Scientific Investigations (Instituto Venezolano de Investigaciones Científicas ― IVIC), and he is a founder, past Board Member (1987-2001, 2009-2012) and President (2001-2008, 2013-present) of Provita (a Venezuelan conservation NGO established in 1987). Meanwhile, the topic of climate change and impact assessment (CCIA) has become even more timely with recent Paris climate change agreement, and dedication of IAIA's 2017 International Conference to the theme of Impact Assessment's Contribution to The Global Efforts in Addressing Climate Change. In particularly fragile states, involvement of the private sector—especially foreign companies—can help reduce the risk of conflict recurrence by providing increased economic opportunities, helping to jumpstart domestic economies and integrate them into the global economy. Strengthen capacities, systems, and organisational mindsets to address concerns and complaints from affected people. Everyone will pay their own way.

The November 2018 revision of the IFC's Guidance Note 6 on Biodiversity Conservation and Sustainable Management of Living Natural Resources adopts many of the criteria of the RLE and the 2016 KBA Standard. One of the most significant recommendations was the need for improved systems for providing remedy to affected people. Climate Change and Impact Assessment, Wednesday May 4, 2016. Deadline: 14 September 2017. 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.

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