houses a selective group of public documents, tools, case studies, training opportunities, presentations and other resources produced by IFC and many other partners to guide companies in delivering shared value and enhancing benefits to local communities.
The target audiences are environmental and social practitioners working in extractive industry, agribusiness, forestry and infrastructure sectors. The website draws from the experience of IFC clients, partner institutions and industry alliances to present a selected set of knowledge and tools exemplifying best practices and guidelines for practitioners in these industries in private sector as it engages with communities around the world. Our goal is to “raise the bar” on how community development is implemented and establish a sustainable, technically-grounded foundation for long-term socioeconomic development in communities impacted by different industries.
CommDev is managed by IFC’s Strategic Community Investment team which works with firms to increase benefits to the local communities in which they operate as well as mitigate local risks. We work with the natural resources, agribusiness, forestry, and infrastructure industries to increase their investment in local communities and convey benefits through their supply chains and tax/royalty payments.
How we do it IFC works with companies to move beyond compliance with IFC’s performance standards by:
Building company capacity to launch initiatives that benefit both the company and the local community.
Developing and disseminating good international practices.
Facilitating corporate-community engagement;
Encouraging participatory planning and monitoring for community development.
Working with companies to identify the business case for investing in communities.
Increasing participation of local businesses in the supply chain.
IFC works with governments and other organizations to:
Build local government capacity to manage tax/royalty payments to improve community welfare.
Support civil society organizations to ensure that local governments are accountable for how they spend tax resources.
We work with companies, leading industry organizations, international financial institutions, civil society, and service providers. We also train regional and local partners and consultants to help companies implement their community investment strategies.