1 a) World Bank, IFC, and MIGA: Agreed. He currently works for the consultancy ERM, at which he serves as an environmental and social consultant managing and working on international projects, especially in Latin America and the United States. Timeline: 24 months. CAO in Number: Advisory. All the best, Ariel and Debra. Preferred Language(s): French, Spanish, Russian, Arabic. Bank, IFC, and MIGA Management will convene within the first half of fiscal 2011 a small group of senior-level environmental and social specialists to discuss approaches to either a shared set of objective criteria or alternative approaches to categorization that are more refined in scope and clearer to teams.
Amongst other aspects, Findeter has labor policies and procedures that address terms of employment, recruitment, renumeration, and benefits, grievance management, training, and occupational health and safety. He has made significant contributions to the development of the research on ecosystem health, especially as it relates to biodiversity loss, land use change, disease emergence and their economic implications. Miga environmental and social policies and trends. 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. Governed by standards that regulate environmental and social performance, these IFIs work with government and the private sector in difficult contexts where project impacts may result in unintended social and environmental harm.
CAO's subsequent 2011 review of the Performance Standards contributed to further enhancements that ushered in in a more robust IFC Sustainability Framework. One of the most significant recommendations was the need for improved systems for providing remedy to affected people. At the United Nations Development Program (UNDP), Miguel pushed forward new environmental regulations for mining and petroleum activities in South America. A period of 24 months has been proposed to provide adequate time to undertake an interactive review process, develop a draft umbrella safeguard policy, prepare translations, and conduct consultations within and outside the WBG. For example, in the case of Africa's infrastructure development, ODA has declined, while private investment has surged to over 50 per cent of external financing. 01 Environmental Assessment, which was posted on the safeguard policies website in February 2012. This is the new horizon in financing for development. Projects are expected to comply with those policies and guidelines, as well as applicable local, national, and international laws. This presentation concluded by drawing on Tetra Tech's experience working on USAID's Tenure and Global Climate Change Program and Integrated Land and Resource Governance Program in Zambia, which developed innovative methods of documenting tenure rights at the village and household levels, as a means of highlighting proposed strategies for ensuring resettlement programs address the risks to the tenure rights and livelihoods of affected landholders. Providing Accountability for Environmental and Social Performance. Social Safeguards, Safeguards Review, IFC, MIGA, and Safeguards. In this case, MIGA's US$512 million guarantee improved the tenor and the terms of the financing. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. About the author Conor Healy, Senior Risk Management Officer, Multilateral Investment Guarantee Agency (MIGA). Enhance steps to protect the client and give IFC/MIGA a formal voice early on in the compliance process.
MIGA's services are not unique. This ongoing discussion includes how these issues should be addressed within the context of the Standard Bidding Document used for procurement by the Bank. IEMA EIA & Climate Change Principles documents circa 2010: Construction Phase Challenges: Managing Labor Influx and Large Workforces. 36 million[1]equivalent in COP to cover an up to approximately US$200 million equivalent COP loan with a tenor of up to 4 years. Provide technical support for the screening of MIGA's projects for climate risks, impacts, and vulnerabilities and identify risk management opportunities/strategies in climate change adaptation and mitigation in MIGA operations. Minimum 5 years of relevant work experience in climate and environment management and assessment directly related to private sector business activities. WAB, with IAIA and the World Bank, had organized a Special IAIA Symposium on Climate Change and Impact Assessment in November 2010. Environmental and Social Development Specialist at WBG, Washington D.C., United States. This means MIGA's cover can generally match the term of project loans, even for large infrastructure investments.
"Costs of Company-Community Conflict in the Extractive Sector. " Recognize that an effective CAO is an integral component of IFC/MIGA's E&S accountability. For example, in Côte d'Ivoire MIGA stepped in very quickly after the country's civil conflict with project guarantees underpinning some US$2 billion dollars in foreign direct investment. He serves on the KBA Consultative Forum and is the IUCN Red List Taxonomic Authority for the Liolaemidae family of lizards. This webinar was presented by Elizabeth Mensah and Julia Gallu, Advisories, Compliance Advisor Ombudsman (CAO). Key aspects of E&S risk management process include screening against Fidenter's Exclusion List (which is aligned with MIGA's Exclusion List); risk identification and categorization; assessment of compliance with applicable E&S laws and regulations and screening against the Performance Standards; and monitoring of E&S performance of projects. Miga environmental and social policies of ireland. There was a strong IAIA-WAB members participation at MIGA offices and via WEBEX. These sub-projects are not, as yet, disclosed on the GCF website and are not required to be individually approved by the GCF Board, but are rather identified subsequently according to a broad set of eligibility criteria.
For example, in 1997 MIGA claimed the 70 guarantees it approved catalyzed an additional USD 4. This remains one of the weakest points across the board for IAMs where even with findings of non-compliance, affected people are often left with no or inadequate remedy. IUCN Red List of Ecosystems, the Key Biodiversity Areas (KBA) Standard, and Critical Habitat. • Excellent verbal and written English language skills are essential, French or Spanish are highly desirable. This process was initiated in October 2012 and is expected to continue till end-2014. MIGA's Current Leadership Team. While initially planned to be undertaken over a 24-month period, following a variety of discussion with a variety of discussions with external and internal parties, Management will present an Approach Paper for discussion by CODE in late September 2012 which will include a proposal for an extending the schedule for completion of this process in 2014. Wednesday, November 2nd, 2016. Yet, the agenda of the July's Addis Ababa Conference on Financing for Development explicitly recognized that, despite improvements in their investment climates, many developing countries have not attracted sufficient private investment to diversify their economies. 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. Miga environmental and social policies procedures. Assessment of Biodiversity, Critical Habitat, and Ecosystem Services – Recent Experience from Africa and Latin America, with Reference to the IFC Performance Standards. These layers in the financing structure of the GCF are worth examining in the light of the issues faced by the IFC. • Define steps required to ensure compliance with the PSs and the WBG Environmental, Health and Safety (EHS) Guidelines.
Recommendations for IFC/MIGA: - take the lead in ensuring and promoting sustainability in the private sector. It is suspected that the contract involved overpricing. The review, therefore, proposed that current CAO processes (including IFC/MIGA roles and responses) be adjusted to promote a more collaborative relationship. World Bank Group Core Competencies.
An overview of assessments done to date was shared as well as the key learnings from basin-level approach to planning. Countries are very careful to not damage their reputation with other investors, cause problems with the Bank, or threaten Bank loans to their countries. Sameer Akbar, World Bank. Other IAIA-related Announcements: We hope you will join us on Wednesday June 13th 2018! The primary responsibility for the tasks are listed below. Firstly, it recommended that there should be a requirement for all IFC clients to create a means of funding remedy should it be required.
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