IFC Failed to Follow its Performance Standards in Vizhinjam: CAO

International Finance Corporation’s (IFC) grievance redressal body Compliance Advisor Ombudsman (CAO) in its compliance investigation report has indicted IFC for not following its Performance Standards in Vizhinjam International Seaport Limited (VISL), a special purpose company wholly owned by the State Government of Kerala. Flagging inconsistencies with the Performance Standards, CAO scathingly observed that IFC took … Continue reading IFC Failed to Follow its Performance Standards in Vizhinjam: CAO