The International Finance Corporation (IFC) is a member of the World Bank and an especially important international financing institution promoting sustainable private sector investment in developing countries.
The IFC developed in 1998 a set of Safeguard Policies. In 2006, these were replaced by the Policy on Social and Environmental Sustainability - - defines IFC’s role and responsibility in supporting project performance in partnership with clients - and the Performance Standards, which define clients’ roles and responsibilities for managing their projects and the requirements for receiving and retaining IFC support. Performance Standard 1 determines the rules for Social and Environmental Assessment and Management System.
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