• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • POLITICS
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • LAW & HUMAN RIGHTS
    • Oil & Gas/Mineral Resources
    • PRESS FREEDOM/JOURNALISM/PR
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • CBN targets easier Nigeria-China payments as Cardoso plans Beijing visit
  • WHO reports 8 MERS cases, 1 death in Saudi Arabia
  • Lagos targets medical tourism with health insurance
  • NGO studies aggressive breast tumours in Northeast
  • NAPTIP warns parents, guardians over child abuse
  • Niger connects NUJ secretariat to 24hr broadband, targets 156 public offices
  • NCF urges collective action on climate change
  • Pamilerin urges Lagos to improve flood control
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    Mango association targets 1bn trees in 4 years

    October 17, 2026

    Bayelsa targets food sufficiency through farming

    October 17, 2026

    LIFE-ND deploys N6bn infrastructure in Delta

    October 17, 2026

    Ogun supports 10,000 rice, cassava farmers

    October 17, 2026

    Nigeria’s agriculture records 4.39% growth in Q2 2026

    October 16, 2026
  • Sci & Tech

    Niger connects NUJ secretariat to 24hr broadband, targets 156 public offices

    October 17, 2026

    Tesla unveils flying roadster prototype

    October 17, 2026

    ESDIAC secures licence for Nigeria’s data market

    October 16, 2026

    Nigeria turns abattoir waste into renewable energy

    October 16, 2026

    Cloudvantage launches local cloud platform for banks

    October 15, 2026
  • Health

    WHO reports 8 MERS cases, 1 death in Saudi Arabia

    October 17, 2026

    Lagos targets medical tourism with health insurance

    October 17, 2026

    NGO studies aggressive breast tumours in Northeast

    October 17, 2026

    NAPTIP warns parents, guardians over child abuse

    October 17, 2026

    Katsina health strike disrupts hospital services

    October 17, 2026
  • Environment

    NCF urges collective action on climate change

    October 17, 2026

    Pamilerin urges Lagos to improve flood control

    October 17, 2026

    United Nigeria airlines plans ₦20bn commercial paper

    October 16, 2026

    NAHCON advocates investment in Hajj infrastructure

    October 16, 2026

    Kogi assesses climate finance readiness

    October 15, 2026
  • Hausa News

    UNA signs MoU to launch air Bissau in Guinea-Bissau

    June 15, 2026

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025
  • More
    1. Business/Banking & Finance
    2. POLITICS
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. LAW & HUMAN RIGHTS
    24. Oil & Gas/Mineral Resources
    25. PRESS FREEDOM/JOURNALISM/PR
    26. General News
    27. Presidency
    Featured
    Recent

    CBN targets easier Nigeria-China payments as Cardoso plans Beijing visit

    October 17, 2026

    WHO reports 8 MERS cases, 1 death in Saudi Arabia

    October 17, 2026

    Lagos targets medical tourism with health insurance

    October 17, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    CBN targets easier Nigeria-China payments as Cardoso plans Beijing visit

    October 17, 2026

    WHO reports 8 MERS cases, 1 death in Saudi Arabia

    October 17, 2026

    Lagos targets medical tourism with health insurance

    October 17, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»ECONOMY»AfDB approves policy for victims of bank-financed operations
ECONOMY

AfDB approves policy for victims of bank-financed operations

Abdallah el-KurebeBy Abdallah el-KurebeSeptember 24, 2021Updated:September 24, 2021No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy framework for the Independent Recourse Mechanism (IRM).

The IRM provides individuals or communities who are adversely affected by bank-financed operations with an independent mechanism through which they can raise their concerns.

They can also seek redress and hold the bank to account for ensuring it complies with its policies and procedures related to sustainability.

The new policy is aimed at strengthening accountability and providing more effective recourse to people affected by bank-financed operations.

According to a statement from the AfDB on Friday, the policy framework is the result of series of internal and public stakeholder consultations that began in December 2019.

This process was part of the third policy review of the bank’s Independent Review Mechanism.

It further marked the first time that the IRM had engaged in such a comprehensive public consultation process.

David Simpson, Director, Compliance Review and Mediation Unit, AfDB, said the new policy represented a significant step forward for the IRM.

“The new policy framework restructures the complaints’ mechanism, to make it more accessible, efficient and predictable.

“It also simplifies the complaint process for users of the Independent Recourse Mechanism, while enhancing its transparency, and providing clearer guidelines for case management.”

Stephanie Amoako, a Senior Policy Associate at Accountability Counsel, an international civil society organisation said: “The new accountability policy, if properly implemented, better serves the needs of communities across Africa.

“This is by removing barriers to access the IRM and creating a more equitable process for those using the mechanism.”

Accountability Counsel supports communities adversely impacted by internationally financed projects.

According to the statement, a new name accompanies the new policy as the Independent Review Mechanism will now be known as “the Independent Recourse Mechanism.”

The new mechanism has been restructured, replacing the previous external experts’ panel model with a fully integrated unit that will now lead all problem-solving and compliance review functions.

The new policy strengthens accessibility for complainants by allowing complaints to be filed by a single person.

It enables the mechanism to advise communities on how to submit complaints if needed.

It adopts a zero-tolerance standard for retaliation against complainants and rejects any form of threats.

It also rejects intimidation, harassment, violence, or discrimination towards those that raise concerns through the Independent Recourse Mechanism.

The mechanism also requires AfDB management to make the IRM better known among affected communities by disclosing information about the mechanism at a project level.

Furthermore, the new operational rules and procedures approved by AfDB’s board also provides the IRM with some advantages.

For instance, it has the ability to initiate compliance review processes in certain circumstances without a formal complaint from affected communities.

It also increases complainants’ participation in the complaint-handling process by allowing them the opportunity to comment on draft compliance review reports before they go to the board.

The operational rules and procedures also commit the IRM to pursue a culturally appropriate and gender-sensitive complaint process.

It allows the IRM to consider a complaint’s eligibility even in the case of parallel judicial or non-judicial proceedings.

It further empowers the IRM to make recommendations to the bank on issues related to redress and remedy.

“That is when individuals and communities are adversely impacted as a result of bank-financed operations.

“As well as ensure that agreements reached by parties in problem-solving activities are aligned to international norms,” it added.

While the new policy enters into force with immediate effect and would apply to all new complaints, it is expected that the IRM would require a reasonable transition period to fully implement the new policy; where appropriate, ongoing complaints will be transitioned to the new policy over time.

The bank’s complaint mechanism became operational in 2006 and has received over 100 complaints submitted by civil society organisations and affected communities.

The mandate of the IRM covers both public and private sector operations of the bank group.

AfDB Policy victims of bank-financed operations
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Abdallah el-Kurebe
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Related Posts

CBN targets easier Nigeria-China payments as Cardoso plans Beijing visit

October 17, 2026

WHO reports 8 MERS cases, 1 death in Saudi Arabia

October 17, 2026

LPPC gives Gadzama, Malami 14 days to explain why SAN privileges should not be suspended

October 17, 2026

Leave A Reply Cancel Reply

CBN targets easier Nigeria-China payments as Cardoso plans Beijing visit

October 17, 2026

WHO reports 8 MERS cases, 1 death in Saudi Arabia

October 17, 2026

Lagos targets medical tourism with health insurance

October 17, 2026

NGO studies aggressive breast tumours in Northeast

October 17, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.