NEW inspection panel for JBIC and NEXI
The Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI) have been published their draft inspection panel (they called "Procedures to submit objections concerning JBIC guidelines for confirmation of environmental and social
consideration") for one month public comments.
> .doc file
Deadline of the public comments for JBIC is on the 16th of March and the 14th of March for NEXI. Unfortunately NEXI doesn't have English version of their draft procedure, yet it is very similar with what JBIC developed.
This mechanism is very similar with WB inspection panel and this draft have been developed through twelve consultation forum (minutes of the discussion is all on JBIC website in Japanese).
The biggest problem we have is that neither JBIC and NEXI is not accept the case before L/A or contract for insurance. Their excuse to not accept the case before L/A is that there is no decision made before L/A regarding social and environmental impacts. Yet there is a decision among management of JBIC of course before signed by Governor, like what happened in a case of China-Tibet of WB Inspection Panel.
So please help us to send comments on this point. We will finish our comments to this draft soon and put it on this website.
There is some improvement from WB Inspection Panel as well, like monitoring of recommendation from the Panel and problem solving mechanism (not only check compliance of the guidelines).
Please send your comments to the following address.
Please put your name and email address with your comments. Let us know if you have any question on this new mechanism.