Complaint > Albania Hydros-01/Tirana

Filing: Complaint

...vices for the privatization / sale of four hydro power plants, HEC Ulëz Shkopet, SH.A. and HEC Bistrica 1 & Bistrica 2, SH. A., which are all profitable public energy enterprises. More specifically, IFC has consulted the Government of Albania [GoA] for the sale and privatization of the HPP of Ulëz, Shkopet, Bistrica 1 and Bistrica 2 [Hereinafter “The Service” or “Consulting / Advisory Service”]. Indeed, according to one GoA document, “GoA has hired the International Finance Corporation [IFC] as ...

Complaint > Albania Hydros-01/Tirana

Appraisal: CAO Compliance Appraisal of IFC advisory service project: Albania Hydros. March 18, 2014

...Vice President, IFC/MIGA management, or the President of the World Bank Group. The focus of CAO compliance is on IFC and MIGA, not their client. This applies to all IFC’s business activities including the real sector, financial markets, and advisory services. 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. ...