AfDB approves policy for victims of bank-financed operations - Punch Newspapers
The most widely read newspaper in Nigeria
24 September 2021The Board of Directors of the African Development Bank Group has approved a new policy framework for the Independent Recourse Mechanism.The IRM provides individuals or communities who are adversely affected by bank-financed operations with an independent mechanism through which they can raise their concerns.
They can also seek redress and hold the bank to account for ensuring it complies with its policies and procedures related to sustainability.The new policy is aimed at strengthening accountability and providing more effective recourse to people affected by bank-financed operations.
According to a statement from the AfDB on Friday, the policy framework is the result of series of internal and public stakeholder consultations that began in December 2019.This process was part of the third policy review of the bank’s Independent Review Mechanism. headtopics.com
It further marked the first time that the IRM had engaged in such a comprehensive public consultation process.David Simpson, Director, Compliance Review and Mediation Unit, AfDB, said the new policy represented a significant step forward for the IRM.“The new policy framework restructures the complaints’ mechanism, to make it more accessible, efficient and predictable.
“It also simplifies the complaint process for users of the Independent Recourse Mechanism,while enhancing its transparency, and providing clearer guidelines for case management.”Stephanie Amoako, a Senior Policy Associate at Accountability Counsel, an international civil society organisation said: “The new accountability policy, if properly implemented, better serves the needs of communities across Africa.
” This is by removing barriers to access the IRM and creating a more equitable process for those using the mechanism.”Accountability Counsel supports communities adversely impacted by internationally financed projects.According to the statement, a new name accompanies the new policy as the Independent Review Mechanism will now be known as ” the Independent Recourse Mechanism.”
The new mechanism has been restructured, replacing the previous external experts panel model with a fully integrated unit that will now lead all problem-solving and compliance review functions.The new policy strengthens accessibility for complainants by allowing complaints to be filed by a single person. headtopics.com
It enables the mechanism to advise communities on how to submit complaints if needed. Read more: The Punch Newspapers »
Melde dich bei Facebook an, um dich mit deinen Freunden, deiner Familie und Personen, die du kennst, zu verbinden und Inhalte zu teilen.
AfDB president, Sanwo-Olu win Zik leadership awards - Punch NewspapersThe most widely read newspaper in Nigeria
UNGA76: Buhari calls for extension of debt repayment timeline for developing countries - Punch NewspapersThe most widely read newspaper in Nigeria Beggar 🍼🍼🍼🍼 Useless man with beggars' mentality. So that you can keep amassing debt for the coming generations of Nigerians.
BREAKING: Counter protests at Nigerian embassy in New York - Punch NewspapersThe most widely read newspaper in Nigeria How much was their pay?
Full Speech: Buhari's address at 76th UNGA - Punch NewspapersThe most widely read newspaper in Nigeria Who dey give am mic to tlk sef Buhari is head terrorist,in Nigeria,UN should listing to that imposter.
Edo to prosecute operators of unapproved private schools - Punch NewspapersThe most widely read newspaper in Nigeria Is that the infrastructure we voted him to provide for us? The governor is really a mad man
We’re expanding our businesses across Nigeria – Taiwan - Punch NewspapersThe most widely read newspaper in Nigeria Yeah, as you've flooded here with only pots for so long