Why does the IFC have a different set of environmental and social Performance Standards from the World Bank, and how do they differ from the World Bank safeguard policies?
IFC uses a set of environmental and social policies called “Peformance Standards” that are geared to its private sector operating context. IFC states the following: “IFC and World Bank standards are consistent and fully aligned in terms of the environmental and social objectives both development institutions share. But there are differences. These differences reflect the differences between the two institutions… IFC’s environmental and social Performance Standards are tailored to the role and responsibilities of the private sector. Private sector firms can not take on the role of government. They can not pass or enforce laws. They have to operate their business in compliance with existing laws and regulationsThat said, the Bank and IFC have worked very hard together to ensure that IFC’s new standards are fully in line with the Bank’s. There are no differences in desired outcomes for the environment, people and communities.” The IFC Performance Standards are available in English at th