Complaint > Real LRIF-01/Coban

Appraisal: English

...wind power projects in the 20 to 60 MW range. The geographical focus for the Fund’s investments included Panama, Honduras, Nicaragua, Colombia, Costa Rica, Peru and other Latin America and Caribbean countries. While the client’s target projects were not considered large by IFC standards, IFC did note they could potentially have negative impacts on local communities, indigenous peoples, cultural heritage, resettlement, biodiversity and Occupational Health and Safety (OHS).11 More specifically, IF...

Complaint > Real LRIF-01/Coban

Compliance Report: English

...wind power projects in Central America and elsewhere in Latin America and the Caribbean. During its pre-investment review, IFC acknowledged that such projects could have negative impacts on local communities, including Indigenous Peoples. IFC also acknowledged the Fund lacked experience in the management of E&S risk. To help avoid and mitigate these risks, IFC agreed to support the Fund to develop a best-in-class ESMS. IFC also undertook to closely monitor the Fund’s compliance with IFC E&S requ...