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Safeguard Compliance and Accountability Framework for Investments Supported by Financial Intermediaries

Consultants' Reports | November 2019

An effective compliance and accountability framework is greatly needed among financial intermediaries to (i) ensure that the stated commitment and strategies they have adopted for environmental and social risk management do not remain on paper; (ii) provide access to persons who have been affected or are likely to be affected by the environmental and social risks and impact of investments or activities financed, so that the financial intermediaries can work toward a swift resolution of their grievances; and (iii) support institutional learning, to avoid recurrence of similar problems in future.

Consultants' reports describe activities by a consultant or group of consultants related to preparing a technical assistance project.

This document dated November 2019 is provided for the ADB regional project 53140-001.