Case Update in Pakistan: IFC Board Approves Action Plan in Response to CAO Investigation Related to IFC’s Investment in the Karot Hydropower Project
Washington, D.C., July 10 — The IFC Board of Executive Directors has approved IFC’s Management Action Plan in response to a Compliance Advisor Ombudsman (CAO) investigation of IFC’s investment...
Read MoreDesignation of Acting CAO Director General
In view of the forthcoming leadership transition at the Compliance Advisor Ombudsman (CAO), the World Bank Group Boards Boards have designated Ibrahim Pam, Chair of the Inspection Panel, to...
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News
IFC Board Decision on CAO Cases Relating to Financial Consumer Protection in Microfinance
The IFC Board of Executive Directors has directed CAO to suspend processing of the ongoing CAO cases relating to Financial Consumer Protection in microfinance. Pending discussion on the policy issues...
Read MoreIFC Board Statement on the Resignation of CAO Director General Janine Ferretti
The Board of Executive Directors has accepted the resignation of Janine Ferretti as Director General of the Compliance Advisor Ombudsman (CAO).
The Board recognizes Ms. Ferretti’s service and her...
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Press release
Announcement of Resignation of CAO Director General, Janine Ferretti
Yesterday, the IFC Board of Executive Directors issued a statement regarding approval of IFC’s Management Report in response to an investigation by the Office of the Compliance Advisor Ombudsman (CAO)...
Read MoreStatement from IFC Board on the CAO Investigation Report on Cambodia Microfinance
WASHINGTON, June 24, 2026—The Board of Directors of the International Finance Corporation (IFC) today released the following statement: “In response to the investigation by the Compliance Advisor...
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Press release