You are on page 1of 1

Access to Information Policy

Stakeholder Feedback IFC Response


Frequently Asked Questions
What are the main changes in V2 of the In the V2 draft, IFC adopts the main principles of IBRD’s Access to
Disclosure Policy? Information Policy, and the Policy is renamed to “IFC’s Access to
Information Policy”. This draft expands the scope of information
IFC makes publicly available about its projects and investments,
including project-level environment and social and development
impact (DOTS) information.

How will IFC increase transparency related to FI For all FI investments, IFC will introduce a new categorization
lending? system to better differentiate the risks of the investment. For
investments with potential environment and social risks, IFC will
disclose an action plan, if appropriate, and an annual status report
of how the FI is implementing the action plan. At the portfolio
level, IFC will report annually on the sectors, regions and
development impact of FI investments. For private equity funds,
IFC may also disclose a list of high risk (Category A) sub-projects
the fund invested in during the year.

How will IFC increase disclosure of project For all projects that require a Supplemental Action Plan, IFC will
implementation? disclose a report on the implementation of that plan. These
reports are prepared by the client in the normal course of
supervision of a project or investment and will be disclosed by IFC
as they become available. Staff comments or assessments or
other business-confidential information will not be disclosed.

How will IFC increase disclosure of development IFC will begin to disclose project-level indicators from its
impact information? Development Outcomes Tracking System (DOTS) for all projects
with significant risks and/or impacts. This includes Category A
and B, and FI-1 and FI-2 investments. For Advisory Services
projects, IFC will disclose the development effectiveness ratings at
the project’s completion. In all cases, any confidential information,
such as financial returns, etc., will not be disclosed.

How will IFC improve disclosure to affected Disclosure to affected communities will remain primarily the
communities? responsibility of the client, as they are the owners of the project.
Through improved efforts during project implementation, the client
will increase transparency and provide verification that the affected
communities have been consulted appropriately in a manner
consistent with the obligations in IFC’s Performance Standards.
In addition, the client will be required to translate into the local
language and disclose IFC’s environmental and social review
summary (ESRS). This will ensure the community is aware of
IFC’s assessment of the risks and outcomes of the project, and
plans to mitigate those risks. This disclosure will also include
reference to the Performance Standards and any applicable
grievance mechanisms. IFC itself will disclose more information
about the process used to determine broad community support for
a project.

Note: IFC’s responses to questions and comments are based on the current draft (Version 2) of IFC’s
Sustainability Framework. They are subject to change as the Framework is further revised. No text in
the Framework or in these interim comments and responses is final until approved by IFC’s
Management and Board.

You might also like