Independent accountability mechanisms in further pursuit of accountability: Directions, cooperation and engagement

Suresh Nanwani*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Independent accountability mechanisms (IAMs) have been set up since 1993 by international financial institutions (IFIs) including the World Bank, regional development banks, other multilaterals, and national agencies to handle problem projects which adversely impact on people as well as to enhance accountability and transparency of operations. This chapter discusses on the increasing growth of IAMs by various organisations, including most recently in 2014 by the United Nations Development Programme and in 2015 by the Caribbean Development Bank. The triggers relating to the creation of these accountability mechanisms are considered, with a discussion of the directions, cooperation and engagement of these accountability mechanisms. Two specific issues are discussed. One is determining the number of claims filed or registered with these mechanisms and the difficulties in some cases in extrapolating data on the claims filed. The other is the challenges on cooperation and collaboration faced by IAMs. The chapter concludes with a discussion on the lessons ahead for IAMs to enhance their mechanisms in further pursuit of accountability.
Original languageEnglish
Title of host publicationThe Practice of Independent Accountability Mechanisms (IAMs)
Subtitle of host publicationTowards Good Governance in Development Finance
PublisherBrill
Pages262-209
Number of pages54
ISBN (Electronic)9789004337787
ISBN (Print)9789004337770
DOIs
Publication statusPublished - 4 Nov 2019

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