declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi

A coalition of civil society organizations is urging the International Finance Corporation (IFC) to publicly release and transparently implement its new Remediation and Responsible Exit Framework. The statement argues that the IFC must recognize its international legal responsibility to repair damages caused by its projects and avoid the lack of disclosure that characterized previous pilot programs for Responsible Exit Principles.

• The proposed Remediation and Responsible Exit Framework would be the first policy addressing reparations since the World Bank's inception 80 years ago, aiming to provide remedies to communities harmed by Bank-funded projects.
• Civil society demands that the IFC publish the framework before finalization to allow stakeholders to review consultation results and understand the implementation process, noting that the IFC has repeatedly delayed this publication.
• The statement criticizes the IFC's previous approach to the Responsible Exit Principles pilot for lacking disclosure on the principles themselves and their application to projects.
• To ensure effectiveness and accountability, the coalition requests public reporting on the remediation pilot, including lists of projects considered, corrective measures taken, environmental and social impact assessments of exits, and evidence of effective remediation.
• The coalition recommends that the IFC publish all loan agreements to clarify investment conditions and leverage, and that the board of directors lead an external review of the pilot period both mid-way and upon conclusion.

APA

Center for International Environmental Law (2024). declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi. https://www.ciel.org/news/declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi/

Chicago

Center for International Environmental Law. declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi. 2024. https://www.ciel.org/news/declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi/.

Wikipedia

{{cite press release |author=Center for International Environmental Law |title=declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi |date=17 July 2024 |url=https://www.ciel.org/news/declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centerforinternationalenvironmentallaw2024declaracionsociedadcivildecisionmarcoderemediacionsalidaresponsablecfi, author = {{Center for International Environmental Law}}, title = {{declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi}}, publisher = {Center for International Environmental Law}, year = {2024}, month = jul, url = {https://www.ciel.org/news/declaracion-sociedad-civil-decision-marco-de-remediacion-salida-responsable-cfi/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }