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Lessons from former projects are thought of below and, in some instances, a pre-appraisal pay a visit to is done to determine any difficulties ahead of time. IFC senior management then decides no matter whether to authorize project appraisal.
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IFC and the company indication the authorized settlement to the expense. This features the client's agreement to comply with the relevant Efficiency Specifications, to right away report any critical accident or fatality, and to offer common monitoring studies. The authorized settlement may even covenant the client's Action Program.
The project is submitted to IFC's Board of Directors for thing to consider and approval by regular or streamlined strategies. "Streamlined" implies that the associates of your Board evaluate the files but Do not meet to debate the project. This option is accessible to very low-possibility projects of a sufficiently small measurement.
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