Guatemala mine: IFC response

21 November 2005

The Compliance Advisor Ombudsman’s (CAO) September 2005 assessment of Guatemala’s Marlin mine was highly critical of the Guatemalan government, the company Glamis Gold, and of the IFC (see Update 47). IFC’s Rashad Kaldany, responded to the assessment in October, claiming that the IFC was already implementing the CAO’s recommendations. A careful look at what the IFC has actually done reveals that it only makes clear mention of two out of a dozen recommendations in the CAO report: a plan for participatory public monitoring and “establishing a framework for dialogue and consultations”. US NGO Bank Information Center has prepared an analysis of this memorandum

stung by internal criticism and bad press