01 JULY 2013Brettonwoodsproject.org
Compliance advisor Ombudsman finds "shortcomings" on Mozal
Edited by : AL CIRCLE
1 min read
The Compliance Advisor Ombudsman (CAO) has found “shortcomings” in the International Finance Corporation's (IFC) management of a Mozambique aluminium smelter project between November 2010 and April 2011.
In an April audit report, it criticised the IFC’s failure to ensure adequate monitoring by its partner, Mozal, which would have enabled “appropriate advance consultation with affected communities”.
The IFC acknowledged the importance of the issues raised by the audit but asserted in the report that “staff took reasonable timely action consistent with its policies and procedures”.
In an April audit report, it criticised the IFC’s failure to ensure adequate monitoring by its partner, Mozal, which would have enabled “appropriate advance consultation with affected communities”.
The IFC acknowledged the importance of the issues raised by the audit but asserted in the report that “staff took reasonable timely action consistent with its policies and procedures”.
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