Financial Institutions Hold Third Consultation With IFC on the Safeguard Policy Review

Paris - 10 May 2005

16 financial institutions which have adopted the Equator Principles met with representatives of IFC in Paris on 20 April 2005. The meeting was hosted by Calyon. The financial institutions discussed with IFC their comments on the proposed Performance Standards which have been drafted by the IFC and which are intended to replace the Safeguard Policies on which the Equator Principles are based. IFC's consultation period ended on 29 April 2005 and the IFC will now redraft the Performance Standards taking into account comments received from stakeholders.