Access to Information Policies
The World Bank Policy on Access to Information (AI) became effective on July 1, 2010. In 2013, the AI Policy was modified to include changes to align with the World Bank Group's commitment to greater transparency, accountability, and access to information.
The AI Policy is based on the following five principles:
• Maximizing access to information
• Setting out a clear list of exceptions
• Safeguarding the deliberative process
• Providing clear procedures for making information available
• Recognizing requesters' right to an appeals process
The AI Policy allows public access to any information in the World Bank's possession that is not on its list of 10 exceptions, enabling the Bank to proactively release a wealth of information to the public. The AI Policy has provided the policy framework and the enabling environment necessary for the World Bank to emerge as a convener, leader, and partner in global transparency and openness.
IFC's Access to Information Policy (AIP) went into effect on January 1, 2012, and superseded the IFC Disclosure of Information Policy (April 2006). Through the AIP, IFC seeks to provide accurate and timely information on its investment and advisory services activities to its clients, partners, and stakeholders.
For each proposed investment, IFC discloses relevant information pertaining to project, environmental, and social implications and expected development impact before consideration by IFC's Board of Directors. For investment projects, IFC discloses a summary of investment information and, if relevant, an environmental and social review summary, depending on the risk category assigned:
• For all Category A investments (that is, those projects expected to have significant adverse social or environmental impacts), disclosure occurs 60 days before Board discussion.
• For all other investments, disclosure occurs 30 days before Board discussion.
In addition, IFC has special disclosure requirements for investments made through financial intermediaries. For advisory services projects, IFC discloses a summary of Advisory Services Project Information within 60 days of approval of the project. IFC's Access to Information Policy allows users to search IFC projects, submit inquiries, subscribe to disclosure documents, and link to related sites.
MIGAs Access to Information Policy, updated in December 2013, aims to enhance transparency and promote good governance with a view toward increasing the Agency's development effectiveness and strengthening public trust. The policy defines MIGAs obligations to disclose information about itself and its activities. In accordance with the policy, MIGA discloses summaries of proposed guarantees through its website before consideration by its Board of Directors (or other relevant internal authority). The lead time for this disclosure is as follows:
• Category A projects (that is, those projects expected to have significant adverse social or environmental impacts) are disclosed not less than 60 days before Board consideration.
• All other projects are disclosed not less than 30 days before Board consideration.
The summary of proposed guarantees includes a brief description of the prospective project; its location, purpose, and anticipated development impact; as well as information about the investors and lenders seeking guarantee coverage and about the project enterprise. These summaries are disclosed up until the time of contract signing, at which point a project brief is disclosed. MIGA will cease disclosure of information on a prospective project if it is determined before issuing a guarantee that the Agency will not be involved.
MIGAs Access to Information website provides links to project information, MIGAs
Performance Standards, and the Compliance Advisor Ombusdman.
Evolution of World Bank's Disclosure Policies
IFC's Access to Information Policy
MIGA's Access to Information Policy
World Bank Policy on Access to Information