WASHINGTON, July 1, 2021 – The Boards of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a new policy for the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism of IFC and MIGA. The Independent Accountability Mechanism (CAO) Policy, which becomes effective today, improves effectiveness of the complaints process in projects supported by IFC and MIGA, with an increased focus on outcomes for communities and IFC/MIGA clients, and responds to recommendations from an independent external review.
I hope this finds you well, safe, and healthy during these very difficult times. I have enormously appreciated your support over the past year, and our warm and constructive interactions. Face-to- face meetings have become harder over recent months, so at our fiscal year-end, I wanted to provide an update on World Bank Group (WBG) deliveries, as well as other efforts over the past year. I would like to focus in particular on the COVID-19 emergency response, the Debt Service Suspension Initiative for the world’s poorest countries, and progress made on debt transparency since the Development Committee on April 17. I would also like to update you on a few organizational, leadership, and governance matters.
I would like to share publicly my thoughts on racism and the horrific events of the last few weeks. I’m aided in this by the deeply emotional and thoughtful dialogue taking place within the World Bank Group, including powerful blogs, messages, conversations and town halls.
We’ve agreed to speak out, which I will try to do though I know I won’t be able to find the right or strong enough words.
WASHINGTON, September 27, 2016 – World Bank Group President Jim Yong Kim today issued the following statement upon being appointed by the Bank’s Board of Executive Directors to a second five-year term, beginning July 1, 2017:
“I am humbled to have the honor of serving a second term as the head of this great institution. I am grateful to our Board for giving me the opportunity to continue building on our successes.