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accountability

Accountability

Overview

At MIGA, we work with the private sector to deliver development impact in developing countries who urgently need them. We strive to unlock new, innovative opportunities for the communities in which we work, but we are also accountable to the people that are affected by the projects we support. We are accountable to our partners, clients and communities as we aim to achieve our development objectives in an environmentally and socially responsible manner.

 

Transparency

MIGA believes that transparency and accountability are fundamental to fulfilling our development mandate and strengthening public trust in MIGA and our clients. MIGA’s Access to Information Policy reaffirms and reflects our commitment to these principles. We disclose information about our projects, including project-level environmental and social review summaries, through our disclosure portal.

 

Stakeholder Engagement

Engagement is critical to our ability to deliver results. Through regular consultations and partnerships with civil society organizations, the private sector, and others, we form a continuous feedback loop with our stakeholders about key sustainability issues.

Stakeholders must also be able to provide feedback and raise concerns with our clients and with MIGA when necessary to ensure that environmental and social impacts in MIGA supported projects are avoided, minimized or mitigated and that the project achieves its intended development impact.

 

Independent Accountability Mechanisms

Our work is evaluated by multiple independent accountability mechanisms:

1. The Compliance Advisor Ombudsman (CAO) is mandated to address complaints from people affected by MIGA projects in a manner that is fair, objective, and equitable—with the objective of enhancing environmental and social project outcomes and fostering greater public accountability of MIGA.

2. The Independent Evaluation Group is an independent unit. IEG’s mission is to strengthen World Bank Group institutions through evaluations that inform strategies and future work—and lead ultimately to greater development effectiveness.

3. The Integrity Vice Presidency is an independent unit that investigates and pursues sanctions related to allegations of fraud and corruption in World Bank Group-financed projects.

4. Group Internal Audit (GIA) assures Senior Management and the Board on the efficiency and effectiveness of management processes and controls

 

Our Governance

Ultimately, the 182 countries represented on MIGA's Board of Directors provide the highest layer of accountability and oversight for the institution.

 

 

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