IFC Standards approved

(IFC, Washington, 6 March 2006) ECAs participating in the 2006 revision of the OECD Common Approaches environment policy should warily eye the International Finance Corporation's recently approved Performance Standards. Warning that the IFC's overhaul of its social and environmental standards relies too heavily on promises of good intentions, international civil society organisations have called the IFC's new approach a risky experiment that could leave the people and environments affected by its projects more vulnerable than they were before.