Launched in mid-2017, the Joint Capital Market Development Program (J-CAP) is a World Bank Group initiative that leverages on the strengths of the WBG’s members, primarily World Bank (WB) and International Finance Corporation (IFC) to support the stakeholders’ effort in developing domestic capital markets in priority countries as a key source of long-term, local currency financing for the private sector, which in turn will contribute to more sustainable economic growth. Over the course of the project, the number of non-sovereign capital market transactions (total market) is expected to increase meaningfully. During the same period, the value of total non-sovereign capital market transactions is expected to increase by a meaningful amount.
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ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/