Arne Hoel, World Bank

CAO Outreach

CAO Participates in Chinese Government Risk Management Workshop

November 30, 2017 - CAO Vice President, Osvaldo Gratacós, recently participated in a workshop in Beijing convened by the China Banking Association on good practices related to environmental and social risk management. The “2017 Workshop of Overseas Environmental & Social Risk Management by Chinese Financial Institutions” was held in Beijing on November 21 - 22, 2017. The purpose of the training workshop was to assist Chinese banks and investors adopt policies and improve practices for environmental and social risk management around large infrastructure projects worldwide. This challenge has taken on some urgency due to the recently launched Belt and Road Initiative (BRI) which will spur Chinese infrastructure investments and projects in some 65 countries along the legendary ‘silk’ road. As one of the guest speakers, Osvaldo was asked to share his experience with managing an independent accountability mechanism and the essential role accountability plays in the development process. While in Beijing, Osvaldo and the other IAM heads met with officials at the Ministry of Finance and with Jin Liqun, President of the Asian Infrastructure Investment Bank.