Enhancing Local Benefits

Sustainability - integrating environmental, social, and corporate governance issues with financial and economic factors – has become IFC’s way of doing business. Focusing on these areas makes sense for businesses in Latin America and the Caribbean. It demonstrates their commitment to social responsibility and helps build stronger, more broadly based economies.

Through the Enhancing Local Benefits (ELB) business line, IFC Advisory Services in Latin America and the Caribbean works to promote sustainability. This business line comprises three lines of action to enhancing the development performance of large investments from oil, gas and mining sectors:

• Revenue Management: Improve local public investment performance financed by royalty transfers.
• Social Accountability: Empower civil society to help local governments become socially accountable.
• Development Guidance: Improve the effectiveness of efforts undertaken by local governments and investment companies.