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Environmental And Social Sustainability Policy, Murders Tally Hall Lyrics

Our past events are posted on the WAB website, including presentation material provided by speakers: And of course, please check out the variety of impact assessment related resources available at and also take the opportunity to renew memberships or join IAIA. MIGA also provided political risk coverage to the PT Enron Java Power Co. and had to pay a claim to PT Enron when the Indonesian power company, PLN, cancelled its power purchase agreement with PT East Java Power Co. -- a subsidiary of PT Enron Java Power Co. Indonesia incurred a USD15 million penalty. Other services by MIGA include licensing arrangements, franchising, and technology support. Top priorities will continue to be supporting investment into the lowest-income countries and fragile and conflict-affected states where the need is greatest. He is particularly interested in how biological diversity, from viruses to ecosystems, respond to anthropogenic gradients (e. g. from forests to cities). And secondly, it recommended that the Board should agree to the principle that where IFC/MIGA itself has contributed to harm, it should be required to also contribute to remedy, including in the form of financial compensation where needed. CAO in Number: Advisory. Although MIGA paid USD15 million on the claim plus USD 220, 000 in interest, it received USD 10. See her attached presentation. The Multilateral Investment Guarantee Agency (MIGA or the Agency) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. CAO is also monitoring IFC's actions to improve the environmental and social performance of financial intermediary investments, following CAO's 2013 sectoral audit. The agency aims to optimize the opportunities presented by its expanded product line and its broader client base - including equity investors, lenders such as banks, and capital market investors - and carry on its work in infrastructure, power, transportation, finance, manufacturing, and agriculture. IFC Management will provide internal guidance to staff regarding categorization as part of the update of its Environmental and Social Review Procedures, which will be finalized at the completion of the ongoing process of updating IFCs Sustainability Framework. CAO initiated new investigations following appraisals of IFC projects in hydropower in Chile and Costa Rica; consumer goods manufacturing in Kenya; agribusiness in Ukraine; and mining in Peru and South Africa.

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You can submit a request for information disclosure at: You can also request general information about MIGA and for information on guarantees by emailing: ACCOUNTABILITY MECHANISM OF IFC/MIGA. It will focus on how UK practitioners are responding to the: 1. Qays Hamad– Qays is part of the Policy Compliance and Grievance Redress Operations Policy and Country Services Team at the World Bank. Social Safeguards, Safeguards Review, IFC, MIGA, and Safeguards. For its part, IFC also has a Sustainability Policy. Since its inception 27 years ago MIGA has issued more than US$36 billion in guarantees for nearly 800 projects in over 100 countries—with an incredibly low claims ratio. Senior level environmental specialists of the World Bank, IFC and MIGA held meetings to discuss this matter, supported by LEGEN. This project highlighted the fact that the World Bank Safeguards and the contractor procurement process needs to be strongly interlinked.

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Are there other topics you'd like WAB to cover this year? ACCESS TO INFORMATION. In FY1995-2000, MIGA insured two other projects in Indonesia. Miga environmental and social policies procedures pdf. In these contexts, they used data from the BMAPs to respond to industrial environmental challenges, explored solutions that not only benefit biodiversity, but also fulfilled corporate mandates and account for the values of local communities and other stakeholders. Deadline: 14 September 2017. MIGA has used this master contract model with several private equity funds that invest in sub-Saharan Africa.

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Dr. Zambrana-Torrelio works on the intersection between animal and human health. Miga environmental and social policies of spain. In 2012, the World Bank launched a multiphased process to review and update its environmental and social safeguard policies. Management is reviewing how and through which instruments labor and working conditions would most appropriately be addressed in the context of IBRD/IDA supported operations. Yet, MIGA is now demanding that Indonesia pay at least USD 15 million as a penalty, despite the alleged price mark-up and other possible corrupt practices that may have been involved. "Costs of Company-Community Conflict in the Extractive Sector. " The proposed Project aligns with the WBG priorities in Colombia as detailed in the most recent Country Partnership Framework (CPF) FY2016-2021 which was updated through the Performance and Learning Review (PLR) from April 2019.

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Environmental and Social Development Specialist. To help ease the flow of foreign investment dollars into certain regions, the agency supports and runs a number of international projects. Using Performance Standard 4 as the basis, the speakers shared some experiences on the requirements of companies to i) assess the security risk their operations may have or could create for communities; ii) develop ways to manage and mitigate these risks; iii) manage private security responsibly; iv) engage with public security; and v) consider and investigate allegations of unlawful acts by security personnel. The IFC and CAO are forerunners in the development finance accountability space, with a wealth of data and experience. In the framework of the safeguards update and review process, this note is under a revision process being coordinated by QACU and LEGEN, in order to provide improved guidance on classification of projects in Category B and Category C. For purposes of internal coordination, the Bank will provide the draft revised guidance note to IFC and MIGA for their review and then have discussions as appropriate. Key challenges faced by the project team faced were discussed and solutions presented to ensure the resettlement was completed in a timely fashion without delaying construction, while maintaining compliance with IFC Performance Standards. Miga political risk insurance. TNC presented on the value of strategic planning and shared some metrics developed for hydropower planning.

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While concerns about the risks of instability and expropriation persist, there is also huge opportunity in these markets. The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group and is headquartered in Washington, D. C. As of September 2022, 182 member governments make up MIGA—154 developing nations and another 28 industrialized countries. The decision with respect to classification of projects is the responsibility of MIGA. For this project, the MIGA guarantee will mainly target Findeter's climate finance projects (in line with MIGA's climate finance methodology) such as renewable energy, water and sanitation, and urban mobility. This project has thus been categorized as FI-1 under MIGA's Policy on Environmental and Social Sustainability (2013). His work at ERM focuses on environmental and social impact assessments, environmental and social due diligence, and monitoring compliance with environmental, social, and cultural heritage lender requirements. Additionally, it found that investors continued to rank political risk as a key obstacle to investing in developing countries. This was followed by a brief commentary by the Head of the IRM, Dr Lalanath de Silva, on the similarities and differences between the two institutions, and what we as the GCF and IRM may learn from these findings. IFC will consider these recommendations in its revised Sustainability Framework, which will be presented to the Board. Environmental and Social Development Specialist at WBG, Washington D.C., United States. Countries are very careful to not damage their reputation with other investors, cause problems with the Bank, or threaten Bank loans to their countries. They provided examples from both terrestrial and marine environments.

Where required, action plans are developed to address E&S gaps and E&S covenants are also included in agreements with final beneficiaries and the intermediary FIs. MIGA has probably achieved the latter goal in promoting the private sector, but still has to show that the projects it guarantees have demonstrative effects in development, such as poverty reduction and environmental protection. It also drew attention to how, despite some progress, these risks—as well as the perceptions of these risks—have inhibited private investment to well below potential or optimal levels. This is a finding that all IFIs and respective IAMs should take note of. These communities of practice are also contributing to the ongoing process for the review and update of the safeguard policies with an emphasis on lessons learned from project preparation and implementation. Recommendations for IFC/MIGA: - take the lead in ensuring and promoting sustainability in the private sector. This means MIGA's cover can generally match the term of project loans, even for large infrastructure investments. Wednesday Sep. 28, 2016. The interactive, adaptable, and web-based nature of the toolkit makes it especially relevant in the current COVID-19 crisis, where companies and assessors need to be able to be agile and responsive to rapidly changing contexts. Furthermore, MIGA's credit enhancement coverage is expected to support the diversification of Findeter's funding sources and optimization of funding costs and tenors while contributing to the country's climate goals.

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