Complaint > Quilleco Hydropower Project

Filing: 67-Request for Inspection (English)

...financial interests. The July 2002 claim indeed was investigated regardless of the abrupt selling of the equity days after receiving the claim. There is clearly an ongoing, global responsibility, by part of the IFC and other members of the WB Group, for what happens with the watershed, particularly hydroelectric development on its course, and its impact on the environments and local communities, among them the Mapuche-Pehuenche population communities and individuals. This was c...

Complaint > Interagua-01/Guayaquil

Filing: English Part 2

...financial aspect, the Masterplan omits explaining how they plan to recover the investment in works of infrastructure. The plans estimate current costs of all the works to be constructed and the document includes an interest rate of 9%, designed to show the effects of inflation on 23 investment values. This rate is not realistic. It gives the impression that Interagua has planned for more substantial investments than they will really accomplish. We are...

Complaint > Yacyreta Hydroelectric Project

Eligibility: Additional Review (English)

...financial obligations or mortgages (gravamen hpotecario) that will affect them for 30 years. Response: We agree that property titles unencumbered by mortgages should be issued in those cases to which exceptions to the free resettlement policy (see third paragraph of page 1 above) do not apply. In addition, ail debts arising in contravention of that policy should be annulled and EBY should take steps to reimburse relocatees for debt payments collected in contravention of that policy. ...

Complaint > Proposed Kosovo Power Project and Second Additional Financing Energy Sector Clean-up and Land Reclamation Project

Compliance Report: 103-Inspection Panel Investigation Report(English)

...financial intermediary operations and the more comprehensive RAP is intended for discrete infrastructure projects. 148 It argues the KPP is a single project at a single site with a single concessionaire and requires a full RAP before appraisal and “not the Kosovo RPF and with the Shala RAP as an example that should be used for the displacement of thousands of future Kosovars.” 149 136. The Annex contends the Bank has overestimated the institutional capacities of those responsible for resettlemen...

Complaint > Private Sector Development and Competitiveness Project, First Request

Management Action Plan: 54-Second Management Progress Report (English)

...financial resources to support the reform of SOEs, (iii) lack of communication from stakeholders involved in the reform process, (iv) limited understanding on the part of labor unions on several key aspects of the reform. Labor unions often do not consider the broader economic implications of reforming an enterprise and are primarily motivated by short financial incentives. During the workshop, it was agreed that the social liabilities of reforming SOEs in...

Complaint > PT Weda Bay Nickel-01/Weda Bay

Eligibility: Ombudsman Assessment Report: Complaint Regarding the MIGA PT Weda Bay Nickel Project (#8113), Halmahera Island, North Maluku, Indonesia, June 2011

...financial and operational success of the WBN project  Maximizing development outcomes and benefits for Indonesia and the local community  Ensuring project compliance with MIGA standards and policies 4.2 Summary of Issues Based on the original complaint and further stakeholder discussions undertaken as part of the CAO Assessment, the primary topics and issues that would need to be addressed to resolve the complaint are summarized below5: 1. WBN social and environmental as...

Complaint > South-West Roads: Western Europe-Western China International Transit Corridor (CAREC-1b & 6b) - 1st request

Management Response: 66-Management Response (English)

...financial and construction sectors. The economic crisis in Kazakhstan began with sharp declines in real estate prices from late 2007. A strengthening of oil and other commodity export prices in the second half of 2009 has contributed to a stabilization of the overall financial position. In 2009 Kazakhstan needed strong capital inflows to compensate for substantial outflows associated with foreign debt payment obligations. This was offset partly by increased oil and gas exports and partly by fore...

Complaint > Chad-Cameroon Pipeline-03/Doba

Filing: Complaint from Local Inhabitants and Communities in the Chad Project Area, October 10, 2011

...financial involvement, the political and moral seal of approval of the World Bank Group was more than critical for the development of Doba crude and the outlook for the development of other oil basins in which it became involved during the life of the project (Section 4.10, Loan Agreement of March 29, 2001). According to the project appraisal document for the capacity-building project, the value-added of the World Bank Group’s support consisted of the physical execution of the Doba petroleum pro...

Complaint > National Drainage Program Project

Management Response: 34-Management Response (English)

...Financial Management 1st Supervision mission • Financial Analyst • Irrigation Engineer • Project Analyst • Procurement Specialist • Disbursement Officer • NGO Specialist August 3 to 18, 1998 • Task Team Leader/Financial Management 2nd Supervision mission • Irrigation Engineer • Resettlement Engineer ...

Complaint > Vizhinjam-01/Kerala

Compliance Report: CAO Compliance Investigation Report, Vizhinjam 01, 02 & 03 - January 23, 2018

...financial intermediary, would be of relevance in the context of CAO’s compliance mandate.17 In the course of this compliance investigation, CAO requested from IFC information in relation to possible IFC exposure to the port construction through investments in banks and funds. IFC did not provide requested information in relation to these issues. As a result, CAO does not further explore this issue as part of the compliance investigation. CAO’s investigation considers the port project as it was c...

Complaint > Haiti Mining Dialogue Technical Assistance

Registration: 100-Notice of Non-Registration(English)

...Financial Intermediary Funds (FIFs), which involve complex financial schemes and the Bank may provide administrative, financial or operational services. The policy states that "the policies and procedures that apply to trust funds vary, depending on the trust fund type. " With respect to the applicable policies, OP 14.40 provides that "activities financed from RETFs are administered under the Operational Policies and Procedures that apply to IBRD and !DA financing ( ... ) and "activities funded ...

Complaint > Transitional Support for Economic Recovery Credit and Emergency Economic and Social Reunification Support Project

Management Response: 37-Management Response (English)

...financial specialist, pro- "Office des Routes" to prepare RN2 and RN4 sur- curement specialist vey May 2004: Bank consultant Site visit (Goma, Bukavu, Kisangani, Kindu) to set up activities under the urban rehabilitation com- ponent August 2004: Bank Team: team leader, transport General supervision. Launch workshop with im- specialist, financial specialist, implemen- plementation agency...

Complaint > Transitional Support for Economic Recovery Credit and Emergency Economic and Social Reunification Support Project

Filing: 37-Request for Inspection Annex 28

...financial institutions, and other organizations to assist…in efforts to The reasons for concern create appropriate national The proposed ‘development’ of DRC's structures and institutions to control forests, and the way in which this is resource exploitation” in DRC.19 As being undertaken, presents a number yet, this has not happened, and there of seri...

Complaint > Petroleum Development and Pipeline Project, Management of the Petroleum Economy Project, and Petroleum Sector Management Capacity Building Project

Eligibility: 22-Management Report and Recommendation (English)

...Financial Economy Project Mgmt. 2. The Executive Directors and the President of IBRD/IDA were notified by the Panel of re- ceipt of the Request. Management responded to the claims in the Request on May 10, 2001, noting that, in its view, the Bank had complied with its operational policies and procedures in the context of the Petroleum Development and Pipeline Project with regard to the environmental, social, cul- tural, and procedural matters raised in t...

Complaint > Eco Oro-01/Bucaramanga

Filing: Complaint to the CAO, June 13, 2012

COMPLAINT PRESENTED TO THE OFFICE OF THE COMPLIANCE ADVISOR / OMBUDSMAN (CAO) Re: International Financial Corporation Project No. 27961 in Colombia Presented by: The representatives of the Comité por la Defensa del Agua y el Paramo de Santurbán. The Committee is located in the city of Bucaramanga, Department of Santander, Colombia (see map in Annex 20), is made up of 40 civil society organizations that in turn represent about seventy-five thousand (75,000) persons, and can be contacted at the fo...

Complaint > Giza North Power Project

Management Response: 85-Management Response (English)

...Financial Management Specialist, Sr. Social Scientist, Regional Safeguards Adviser, Infrastructure Specialist, Financial Analyst, Program Assistant • May 29–June 9, 2011: Lead Energy Specialist, Sr. Energy Specialists (2), Sr. Procurement Specialist, Sr. Counsel, Sr. Finance Officer, Energy Specialist, Economist/Consultant, Environment Consultant, Lead Economist, Program Assistant, Team Assistant • June 2011: Social Development Handover Mission • July 31-August 4, 201...

Complaint > National Drainage Program Project

Eligibility: 34-Management Report and Recommendation (English)

...Financial Analyst (2) Financial Management Irrigation Engineer Projects Analyst March 1998 Completion Financial Analyst (2) Financial Management Procurement Specialist ...

Complaint > Kosovo Power Project (Proposed)

Management Response: 78-Management Response (English)

...Financial Sector and Improving Access to Finance 28. Kosovo’s financial system has proven quite resilient to the global financial crisis, and its regulatory and institutional framework has been substantially strengthened. The financial system is 11 dominated by foreign-owned banks and is largely deposit-funded, mostly from large and relatively stable remittance inflows. However, structural financial sector vulnerabilities exist as bank ...

Complaint > Sustainable Development of Natural Resources - Additional Financing, and Sustainable Development of Natural Resources II

Filing: 83-Second Request for Inspection (English)

...financial resources to the effort to protect cultural heritage sites. It also includes similar long-term financial support to establish archeology, heritage and tourism as an income stream for the local population. • Such funding represents a very small percentage of overall revenue expected to flow from this immense mining project and reflects international best practices. The scale of the project, the security and infrastruc...

Complaint > Eco Oro-01/Bucaramanga

Compliance Report: English

...financial intermediary projects with minimal or no adverse risks.74 Discussion IFC’s investment in the Angostura project is similar to many other IFC early equity investments in junior mining companies. As discussed above in section 3.1, IFC’s early equity approach evaluates the opportunity to provide equity financing once a potentially commercial discovery has been made, to give support to companies to build their capacity to prepare for mine construction.75 Before investing in the project, IFC...