IFC Disclosure Glossary

The Disclosure Glossary provides definitions for IFC documents and other types of information produced by IFC.

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Environmental & Social Categories

Environmental & Social Review Summary (ESRS)

IFC Policy & Performance Standards

IFC Project Cycle or Investment Cycle

Summary of Proposed Investment (SPI)

An SPI summarizes the main elements of a project, including information on sponsors, shareholders, project cost, purpose of the project and environmental issues.

The SPI is disclosed to the public on this IFC Web site and in the World Bank InfoShop no later than 30 days before the project is to be considered by IFC's Board of Directors. However, for a Category A project, the SPI is disclosed to the public no later than 60 days before the project is to be considered by the Board of Directors.