Q.The Guidelines Exhibit 1 (7) states, "It is desirable that the resettlement action plan include elements required under the standards of international financial institutions which NEXI benchmarks in its environmental reviews.” What are the elements specifically?

A.

When NEXI uses the World Bank Environmental and Social Standards as a benchmark, it means Environmental and Social Standards 5, Annex 1. When NEXI uses the IFC Performance Standards as a benchmark, it means Guidance Note 5 Annex A. (Note) For details, please see the website of World Bank and IFC.

(Note) Guidance Note to Performance Standards

The minimum elements of a resettlement plan in Environmental and Social Standards 5, Annex 1 are as follows.
- Description of the project.
- Potential impacts.
- Objectives.
- Census survey and baseline socioeconomic studies.
- Legal framework.
- Institutional framework.
- Eligibility.
- Valuation of and compensation for losses.
- Community participation.
- Implementation schedule.
- Costs and budget.
- Grievance redress mechanism.
- Monitoring and evaluation.
- Arrangements for adaptive management.

IFC Guidance Note 5 Annex A also lists almost the same items.