Joint Submission on Responsible Exit On Consultation on the proposed IFC/MIGA Approach to Remedial Action

A joint submission by 24 civil society organizations, including the Center for International Environmental Law, criticizing the International Finance Corporation's (IFC) proposed Approach to Responsible Exit. The submission argues that the IFC's current framework fails to ensure remedy for harms caused by its investments and lacks transparency, urging the institution to make remedy a prerequisite for exit and to implement rigorous pre-divestment due diligence and community consultation.

• The submission asserts that the IFC's proposed Approaches to Remedy and Responsible Exit fail to identify remedial responsibilities for the IFC or the Multilateral Investment Guarantee Agency (MIGA), and lack a comprehensive plan for delivering remedy.
• The IFC is criticized for a lack of transparency regarding its Responsible Exit approach, specifically for not releasing the full draft report for consultation and failing to disclose the results of a pilot of its Responsible Exit Principles.
• The authors argue that remedy must be a prerequisite for a 'responsible' exit, and that the IFC should not withdraw from projects with open Compliance Advisor Ombudsman (CAO) cases or unsatisfactory environmental and social (E&S) performance, unless specific conditions are met, such as affected communities requesting the exit.
• The submission proposes that the IFC implement a pre-divestment due diligence process to verify E&S commitments, which should include sharing assessments with communities and prohibiting exit if non-compliance is found and not remedied.
• The document demands that meaningful consultation with affected populations be integral to the exit process, suggesting that consultations for pre-divestment assessments should begin at least 12 months prior to divestment.
• The submission highlights the need for the IFC to develop protocols to prevent and manage reprisals against communities and workers following an exit, noting that advocacy efforts often expose community members to harassment and criminalization.
• The document provides several examples of projects where the IFC allegedly exited without notice or remedial action despite documented harms, including forced labor in China (Canadian Solar, Camel Battery, Chenguang Bio, Goldwind), labor and health risks in Egypt (Titan Alex, Titan Beni Sueif), and environmental or social damage in Chile (Alto Maipo), Colombia (Ituango), and Nicaragua (Condor Gold, New Liberty).

APA

Center for International Environmental Law (n.d.). Joint Submission on Responsible Exit On Consultation on the proposed IFC/MIGA Approach to Remedial Action. https://www.ciel.org/wp-content/uploads/2023/02/Submission-for-IFC-Responsible-Exit.-April-2023.pdf

Chicago

Center for International Environmental Law. Joint Submission on Responsible Exit On Consultation on the proposed IFC/MIGA Approach to Remedial Action. n.d. https://www.ciel.org/wp-content/uploads/2023/02/Submission-for-IFC-Responsible-Exit.-April-2023.pdf.

Wikipedia

{{cite press release |author=Center for International Environmental Law |title=Joint Submission on Responsible Exit On Consultation on the proposed IFC/MIGA Approach to Remedial Action |url=https://www.ciel.org/wp-content/uploads/2023/02/Submission-for-IFC-Responsible-Exit.-April-2023.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centerforinternationalenvironmentallawndjoint, author = {{Center for International Environmental Law}}, title = {{Joint Submission on Responsible Exit On Consultation on the proposed IFC/MIGA Approach to Remedial Action}}, publisher = {Center for International Environmental Law}, url = {https://www.ciel.org/wp-content/uploads/2023/02/Submission-for-IFC-Responsible-Exit.-April-2023.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }