International financial institutions (IFIs) are important actors in the context of development-induced displacement (DID) as they finance development projects that potentially cause displacement and have policy standards on involuntary displacement or resettlement in place. This chapter engages with these policy standards and examines to what extent they advance the human rights of the people(s) affected by DID. The overarching objective of these policy frameworks is to avoid displacement, if feasible, and prevent or mitigate the adverse impacts of displacement when it is unavoidable. To these ends, the policies envisage various procedural and substantive safeguards that apply at all phases of displacement and resettlement. These include meaningful consultation with those affected, the provision of in-kind and monetary compensation, relocation assistance, and rehabilitation measures. While these policies go a long way in providing guidance for states concerning involuntary displacement prompted by development projects, they are not impervious to limitations. These shortcomings have contributed to a reality in which displacement caused by development projects financed by IFIs often results in impoverishment, contrary to the policy objectives stated above. Accordingly, the chapter also critically engages with these limitations with a view to assessing whether and to what extent they contribute to the human rights violations occurring in the course of displacement.

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The Role of International Financial Institutions in Protecting the Rights of People(s) Affected by Development-Induced Displacement

  • Roman Girma Teshome

摘要

International financial institutions (IFIs) are important actors in the context of development-induced displacement (DID) as they finance development projects that potentially cause displacement and have policy standards on involuntary displacement or resettlement in place. This chapter engages with these policy standards and examines to what extent they advance the human rights of the people(s) affected by DID. The overarching objective of these policy frameworks is to avoid displacement, if feasible, and prevent or mitigate the adverse impacts of displacement when it is unavoidable. To these ends, the policies envisage various procedural and substantive safeguards that apply at all phases of displacement and resettlement. These include meaningful consultation with those affected, the provision of in-kind and monetary compensation, relocation assistance, and rehabilitation measures. While these policies go a long way in providing guidance for states concerning involuntary displacement prompted by development projects, they are not impervious to limitations. These shortcomings have contributed to a reality in which displacement caused by development projects financed by IFIs often results in impoverishment, contrary to the policy objectives stated above. Accordingly, the chapter also critically engages with these limitations with a view to assessing whether and to what extent they contribute to the human rights violations occurring in the course of displacement.