dc.contributor.author | Iribagiza, Molly | |
dc.date.accessioned | 2021-05-11T07:00:31Z | |
dc.date.available | 2021-05-11T07:00:31Z | |
dc.date.issued | 2020-12-16 | |
dc.identifier.citation | Iribagiza, M. (2020). Assessing the Implementation of International Finance Cooperation Performance Standard 5 (IFC PS 5) in Land Acquisition. (Unpublished undergraduate dissertation) Makerere University. Kampala, Uganda. | en_US |
dc.identifier.uri | http://hdl.handle.net/20.500.12281/10640 | |
dc.description | A research dissertation submitted to the department of Construction Economics and Management for the award of Bachelor of Science in Land Economics of Makerere University | en_US |
dc.description.abstract | The International Finance Corporation or IFC, is the private sector arm of the World Bank Group
andsharesitsmissiontoreduceglobalpoverty.Toachievetheirpurpose,IFCoffersdevelopment- impact
solutions through firm-level interventions, direct investments, advisory services, and the IFC
Asset Management Company. IFC coordinates its activities with other institutions of the World
Bank Group but is legally and financially independent.(“IFC and Private Sector Funding – General Inquiries,”n.d.)
The IFC Performance Standards are an international benchmark for identifying and managing
environmentalandsocialriskandhasbeenadoptedbymanyorganizationsasakeycomponentof their
environmental and social risk management.(IFC Performance Standards _ FIRST for
Sustainability,n.d.)
The IFC’s sustainability framework articulates the corporation’s strategic commitment to
sustainable development and is an integral part of IFC’s approach to risk management. The
sustainabilityframeworkcomprisesofIFC’spolicyandperformancestandardsonEnvironmental and
social sustainability and IFC’s access to information policy. The performance standards are
directedtowardsclientsprovidingguidanceonhowtoidentifyrisksandimpactsasawayofdoing
business in a sustainable way including stakeholder engagement and disclosure obligations of the
clientinrelationtoprojectlevelactivities.IFCrequiresclientstoapplytheperformancestandards to
manage environmental and social risks and impacts so that development opportunities are
enhanced.(IFC, 2012b)
Together, the eight performance standards establish the standards that the client is to meet
throughout the life of an investment by IFC. Performance standard (PS) 1; looks at assessment
and management of environmental and social risks and impacts. PS2; Deals with labor and
working conditions, PS3; Studies Resource efficiency and Pollution prevention, PS4; community
health, safety, and security. PS5; land acquisition and involuntary resettlement. PS6; Biodiversity 2
conservation and sustainable management of living natural resources. PS7; Indigenous people. PS8; Cultural heritage.(IFC, 2012b) | en_US |
dc.language.iso | en | en_US |
dc.publisher | Makerere University | en_US |
dc.subject | International Finance Cooperation Performance standard 5 | en_US |
dc.subject | Compulsory land Acquisition | en_US |
dc.title | Assessing the Implementation of International Finance Cooperation Performance Standard 5 (IFC PS 5) in Land Acquisition | en_US |
dc.type | Thesis | en_US |