Civil Society Statement on IFC Remedy and Responsible Exit Framework Decision

A coalition of civil society organizations is urging the International Finance Corporation (IFC) to publicly release its draft Remedy and Responsible Exit Framework before finalization. The statement emphasizes that the framework, which aims to outline how the IFC delivers remedy to communities harmed by its projects, must be transparent to be credible. The organizations demand regular public reporting on the framework's pilot implementation, including lists of projects considered and evidence of successful remediation, and suggest the publication of all loan agreements to ensure stakeholder accountability.

• The IFC's draft Remedy and Responsible Exit Framework is intended to be the first policy in the World Bank's 80-year history specifically focused on delivering remedy to communities harmed by financed projects.
• Civil society organizations demand that the IFC make the framework publicly available before finalization to allow affected communities and the public to review the results of the previous year's consultation and the implementation plan.
• The statement argues that the IFC's previous approach to piloting Responsible Exit Principles lacked sufficient disclosure on how those principles were applied to projects, a mistake that must not be repeated with the remedy framework.
• The signatories call for specific public reporting on the remedy pilot, including lists of all projects considered, decisions on remedial actions, evaluations of environmental and social impacts for every project where exit occurred, and evidence of community satisfaction with remediation.
• To increase effectiveness, the organizations recommend that the IFC publish all loan agreements and establish a board-governed external review of the pilot period at its midpoint and conclusion.

APA

Center for International Environmental Law (2024). Civil Society Statement on IFC Remedy and Responsible Exit Framework Decision. https://www.ciel.org/news/civil-society-statement-ifc-remedy-and-responsible-exit-framework-decision/

Chicago

Center for International Environmental Law. Civil Society Statement on IFC Remedy and Responsible Exit Framework Decision. 2024. https://www.ciel.org/news/civil-society-statement-ifc-remedy-and-responsible-exit-framework-decision/.

Wikipedia

{{cite press release |author=Center for International Environmental Law |title=Civil Society Statement on IFC Remedy and Responsible Exit Framework Decision |date=17 July 2024 |url=https://www.ciel.org/news/civil-society-statement-ifc-remedy-and-responsible-exit-framework-decision/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{centerforinternationalenvironmentallaw2024civil, author = {{Center for International Environmental Law}}, title = {{Civil Society Statement on IFC Remedy and Responsible Exit Framework Decision}}, publisher = {Center for International Environmental Law}, year = {2024}, month = jul, url = {https://www.ciel.org/news/civil-society-statement-ifc-remedy-and-responsible-exit-framework-decision/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }