Article
The CAO Ombdusman Triggers Audit of Uruguayan Paper Mill Projects and Expands Investigation to Proceedings of MIGA [Multilateral Investment Guarantee Agency]
Following the completion of its preliminary review of a complaint filed by CEDHA against two proposed IFC-financed paper mills [involving ENCE, Botnia] on the Argentine-Uruguayan border...the CAO Ombudsman officially communicated today...that it will formally trigger a compliance audit of both the International Financial Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) handling of the paper mill projects.