International Finance Corp. Board Approves Action Plan for Compliance Advisor Ombudsman Investigation of IFC Investments in Rizal Commercial Banking Corp. in Philippines
April 09, 2022
April 09, 2022
WASHINGTON, April 9 -- The International Finance Corp., a member of the World Bank Group, issued the following news release:
The IFC Board of Executive Directors approved IFC's Management Action Plan in response to an investigation of IFC's investments in Rizal Commercial Banking Corporation (RCBC) in the Philippines conducted by the Compliance Advisor Ombudsman (CAO), IFC's independent accountability mechanism.
IFC first invested in RCBC in 2011 to stren . . .
The IFC Board of Executive Directors approved IFC's Management Action Plan in response to an investigation of IFC's investments in Rizal Commercial Banking Corporation (RCBC) in the Philippines conducted by the Compliance Advisor Ombudsman (CAO), IFC's independent accountability mechanism.
IFC first invested in RCBC in 2011 to stren . . .