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Complaint > Lydian Intl3-01/Gndevaz & Jermuk

Compliance Report: English

...Compensation (GLAC)87 for landowners and land users had been disclosed in June 2014 and that consultation regarding acquisition was underway with 21 landowners. IFC noted concerns about the lack of clear guidance on the determination of compensation rates and more generally about the alignment of the process with PS5 requirements. At this point, IFC also stressed the importance of livelihood restoration in meeting the objectives of PS5 and that the Land Access and Livelihood Restoration Plan (LA...
IFC Compliance Advisor/Ombudsman - Armenia - 2017