The IFC Board’s Committee on Development Effectiveness convened on July 17, 2024, to consider an updated Approach to Responsible Exit following extensive public feedback. Internal guidance to staff to mainstream the Approach to Responsible Exit is under development, upon which the Responsible Exit Principles and further information will be published.
IFC developed the revised Approach to Responsible Exit as part of its ongoing efforts to further and more systematically integrate how it analyzes and addresses environmental and social (E&S) issues throughout its investment project cycle. The updated Approach is a result of IFC’s adoption of the Operating Principles for Impact Management and specific commitments in a Management Response to a Compliance Advisor Ombudsman case.