External Peer Review: Good Practice Note on Contextual Risk Screening for Projects

Dear Colleagues and Interested Parties:

The International Finance Corporation (IFC) is requesting comments on its draft publication Good Practice Note on Contextual Risk Screening for Projects: Linking National-Level Risks to the Local-level Project Risks in Fragile, Conflict-Affected Situations and Beyond. This publication is part of IFC's commitment to capture and share global knowledge, lessons and good practice with our clients and wider audiences on social and environmental topics that need to be considered in the implementation of development projects.

This Good Practice Note (GPN) is part of a series of good practice guidance from the Environmental and Social Policy and Risk, and the Sustainability and Gender Solutions Departments of IFC. This GPN outlines an approach for systematically analyzing country risks to identify the highest risk areas and translating them into potential Environmental and Social (E&S) risks at the subnational and project level and/or at the sector-level.

The Contextual Risk Framework consists of nine (9) Dimensions and thirty-three (33) corresponding indicators. The results of the analysis can be used to develop programmatic measures and actions to address the potential risks of a given business activity. More broadly, undertaking a contextual risk analysis of a project’s operating environment can also help practitioners apply a conflict- and fragility-sensitivity lens to their assessments, particularly in FCS environments.

IFC Contextual Risk Framework

We invite you to provide us with comments on the draft GPN document taking into consideration the below:

  1. ensure that feedback on the document is in relation to IFC Performance Standards;
  2. to comment on a specific part of the contextual risk framework, select the relevant Dimension name from the drop down;
  3. to comment on other aspects of the GPN, indicate the paragraph number, table number and/or appendix title for which your comments are relevant;
  4. provide advice/comments/inputs, along with data sources on emerging trends and new approaches where applicable if any; and
  5. provide advice on specific regional data/information where relevant.

The public consultation period for this GPN will be from April 12 - May 12, 2022. Comments received during this time will inform the final document. Unfortunately, we are unable to respond directly to all comments received. The final version will be posted on the IFC website at www.ifc.org/sustainabilitypublications once available.

For inquiries, please contact: AskSustainability@ifc.org

Thank you,

Nessim Ahmad
Senior Director, IFC

Mary Porter Peschka
Director, IFC

Disclaimer: The content of this work is a draft shared to the public for comments and open consultation. The material is not a final publication and the findings, interpretations, and conclusions expressed herein do not reflect the views of the Executive Directors of the International Finance Corporation (IFC) or of the World Bank or the governments they represent. The document should be taken only as an opportunity for providing comments, and should not be taken, as legal or business advice, an opinion regarding the appropriateness of any investment, or a solicitation of any type. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law.

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