Use of IFC Staff Resources
1. Technical staff advice: In its investment decisions, IFC should incorporate the views of the technical staff. Where appropriate, IFC should access Bank technical expertise and use independent consultants, if in-house expertise is insufficient.
2. Board membership: Board membership gives IFC some influence over management, and can protect IFC's interests, particularly where there is high IFC staff turnover. However, IFC should carefully consider the implications of board membership.
3. Staff resources: In projects where a high level of continuing IFC staff input is needed (e.g., agency lines, projects involving donor support, some small projects), IFC should carefully consider its capacity to provide the appropriate staff and other resources.
4. Staff changes: Frequent changes in IFC supervision staff can cause delays and lack of proper monitoring, particularly in agency lines. Where possible, the 'exiting' staff member should introduce the new investment officer to the client.
The above lessons are based on 41 lessons from past IFC investments.
Last updated December 1998.
