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Corporate Accountability in International Environmental Law$
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Elisa Morgera

Print publication date: 2009

Print ISBN-13: 9780199558018

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780199558018.001.0001

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The Tools of International Financial Institutions: Conditions in Loan Agreements and Complaints Mechanisms

The Tools of International Financial Institutions: Conditions in Loan Agreements and Complaints Mechanisms

Chapter:
(p.209) 10 The Tools of International Financial Institutions: Conditions in Loan Agreements and Complaints Mechanisms
Source:
Corporate Accountability in International Environmental Law
Author(s):

Elisa Morgera

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199558018.003.0010

This chapter analyses the environmental performance standards utilized by international financial institutions working with the private sector, with a view to suggest further means to strengthen their application and integration in contractual loan agreements. In addition, the role of international financial institutions' complaints mechanisms is also considered as avenue for victims of corporate environmental damage. Once again, the specific case of the International Finance Corporation is analysed in detail to formulate recommendations that may be of interest for other international financial institutions.

Keywords:   International Finance Corporation, loan agreements, compliance, complaint mechanisms

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