IFC Performance Standards: One Step Forward, One Step Back

(Halifax Initiative, Ottawa, 24 May 2006) This analysis of the International Finance Corporation’s (IFC) Sustainability Policy, Performance Standards and Disclosure Policy provides a brief overview of each policy and standard, where it goes beyond the previous safeguard policies, where it falls short, and what is missing. ECAs are considering adoption of the IFC performance standards in the current review of the Common Approaches.