Complaint > Bilt Paper-02/Sipitang

Management Response: IFC Management Response to CAO Compliance Investigation Report - Bilt-02 - May 15, 2018

...President and General Counsel Vice President and Chief Operating Officer 2 Annex: IFC Tabulated Management Response: Bilt Paper B.V. CAO Finding IFC's Response Actions Taken or Proposed IFC Appraisal 1 Given a range of significant Agree. NIA potential E&S risks and impacts ...

Complaint > Bilt Paper-02/Sipitang

Appraisal: CAO Compliance Appraisal Report - Bilt-02 - January 08, 2016

...president, IFC/MIGA management, or the president of the World Bank Group. The focus of the CAO compliance function is on IFC and MIGA, not their client. This applies to all IFC’s business activities, including the real sector, financial markets and advisory. CAO assesses how IFC/MIGA assured itself/themselves of the performance of its business activity or advice, as well as whether the outcomes of the business activity or advice are consistent with the intent of the relevant policy provisions. I...

Complaint > Bilt Paper-02/Sipitang

Compliance Report: CAO Compliance Investigation Report - Bilt-02 - April 13, 2018 - ENGLISH

...request. IFC reported that the reason for the request was that the sale was expected to be imminent (after which SFI would no longer be part of the IFC investment), and to avoid or minimize any transaction related sensitivities. In February 2016, IFC visited Bilt Paper’s plants in India. In accordance with the company’s request, however, no supervision visit was carried out to SFI at that time. IFC recorded its supervision findings in a document dated June 2016. IFC understood, based on limited ...