Review of IFC Performance Standards and Sustainability Policy
Recommendations from Oxfam International
Published: May 20, 2010
As the International Finance Corporation (IFC) reviews its 2006 Performance Standards and Sustainability Policy, Oxfam International recommends a particular focus on improvements in the areas of 1) community engagement and “broad community support”, 2) transparency, 3) project definition and categorization, 4) demonstrating project-level development impacts, 5) application of the Performance Standards to financial intermediaries and 6) human rights. These recommendations are a result of Oxfam International and local partner engagement with IFC-financed oil, gas, mining, dams, hydro-power, and other large-scale projects over the past decade.