No Consultation Planned for IEG Disclosure Policy Review

1 June 2009

With the Bank as a whole reconsidering its disclosure policy, the IEG is planning an update of its own. The Bank has released an “Approach Paper” outlining its ideas for changes, but IEG plans has not issued a proposal and plans to wait until the Bank’s policy is approved before taking parallel action, an IEG official said.

“We make our approach papers public only after they have been discussed at the Board,” according to Melanie Zipperer, senior communication officer with IEG. “Our new disclosure policy is still under preparation and therefore has not been discussed with the Board yet.”

The IEG has its own disclosure policy, Zipperer explained, that is based on the Bank’s disclosure policy. “It has been generally accepted by the Board that IEG’s independence requires it to have its own disclosure policy approved by the Board and adhering closely to the principles and practices of the Bank’s policy,” she said.

The IEG policy will likely adhere to the policy eventually adopted by the Bank, according to Zipperer, so there is no need for an external consultation process. The IEG will present a detailed proposal to the Board once there is a new Bank policy, she said.

 

Other IEG Offices Disclose Their Policies

Although the World Bank IEG disclosure policy is not mentioned on its own IEG website, it is referred to elsewhere. It’s mentioned, without a link, on the website page for the IEG office at the International Finance Corporation (IFC), the Bank’s private sector lending wing.

IEG offices at both the IFC and Multilateral Investment Guarantee Agency (MIGA) post their disclosure policies. The IEG-IFC publishes its 2006 disclosure policy on its “About” page. The same page indicates that the IEG-IFC policy “is consistent with” the IEG-WB Disclosure Policy statement approved by the WB’s Board of Directors in January 2004. The IEG- MIGA also posts its disclosure policy online.

 

By Toby McIntosh

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ABOUT IFTI WATCH

In this column, Washington, D.C.-based journalist Toby J. McIntosh reports on the latest developments in information disclosure in International Financial and Trade Institutions (IFTI).
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