Home » World Bank to probe IFC´s role in Vizhinjam port project

World Bank to probe IFC´s role in Vizhinjam port project

World Bank to probe IFC´s role in Vizhinjam port project

World Bank Group´s audit arm, Compliance Advisor Ombudsman (CAO), has decided to probe whether IFC violated environmental and social impact compliance norms while providing advisory services for the Rs 7,500-crore Vizhinjam deep sea port project. This is due to concerns raised about possible adverse impacts of the project on the environmental and social aspects. The Kerala Government´s ambitious Vizhinjam port project was recently awarded to the diversified Adani Group. International Finance Corporation (IFC), had taken up the advisory services project for the Kerala Government.

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