World Bank’s IFC Finally Adopts Remedial Action Framework By Carla García Zendejas Copyright © 2025 IPS-Inter Press Service.

WASHINGTON DC, Jul 8 2025 (IPS) - The World Bank’s private sector arm has raised the bar — and others may follow. On April 15, the International Finance Corporation (IFC) became the first development finance institution to adopt a formal remedy policy, publishing its Remedial Action Framework (RAF) to address environmental and social harm caused by IFC-supported investment projects. https://www.ipsnews.net/2025/07/world-bank-ifcs-landmark-remedial-action-framework/ Copyright © 2025 IPS-Inter Press Service.