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Comment on IFC and MIGA’s proposed Approach to Remedial Action
A coalition of civil society organizations (CSOs) has condemned the proposed Approach to Remedial Action by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). The CSOs argue that the proposal fails to implement recommendations from a 2020 External Review, ignores existing harms by applying only to new projects, and lacks concrete mechanisms to guarantee financial remedy for affected communities.
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Document type: Report
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