IFC is supporting IME Group in preparing four cable car projects through technical, financial, environmental and regulatory advisory services, as well as corporate governance support for the future operating entity. IFC indicated that it would explore blended and climate finance options to strengthen project viability and that, in return, it would seek the opportunity to act as lead financing arranger and mobilize additional investors, subject to agreed protections under the Project Services Agreement.

In August 2025, CAO received a complaint from community members regarding one of the cable car projects, alleging environmental, cultural, and social harm associated with the proposed project. The complaint raised concerns related to the lack of adequate risk assessment, economic displacement, impacts on biodiversity, the absence of prior consent, the destruction of sites of cultural and spiritual significance, and incidents of intimidation. The complainants also indicated that delayed disclosure of project information hindered meaningful community engagement.

In December 2025, CAO found the complaint eligible and initiated its assessment. During the assessment process, the company did not engage with CAO. In accordance with the CAO Policy, the case was transferred to the Compliance function for appraisal to determine whether an investigation of IFC’s environmental and social performance is warranted in relation to the issues raised in the complaint. The Assessment Report is available in English.