Applicable international standards: IFC PS7 and the Equator Principles
- Social license and prior consultation
- Social license and prior consultation
- not audited
IFC Performance Standard 7 (Indigenous Peoples, 2012) requires free, prior and informed consent (FPIC) in defined circumstances — impacts on lands and resources under traditional use, relocation, critical cultural heritage — a stricter test than Guatemalan case law. The Equator Principles (126 signatory financial institutions) apply the IFC standards to project finance, with specific 2020 guidance for projects affecting indigenous peoples. No Guatemalan bank signatory could be confirmed; in practice the standard enters Guatemala through international lenders (IFC, IDB Invest, foreign EPFI banks). The Ixquisis case shows the standard biting: MICI found that the IDB itself had breached its own safeguards and IDB Invest exited the investment.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
Figures
- Equator Principles signatory institutions
- 126
Caveat
Sources
Organizations named in the answer
Related records
- The death of State-licensed projects in Guatemala
- Guatemala's ratification of ILO Convention 169 and its obligations
- Absence of a prior consultation law and Initiative 5450
- Over 100 community consultations without binding force
- The Constitutional Court's four stages of prior consultation
- The missing consultation law as an investor risk
This layer is research: read from public sources by the archive's own team, every claim cited with the date it was consulted, and audited where it is marked so. It has not entered the verified store — no figure here was fetched back from its source or stamped with a retrieval time — so it wears no red provenance numeral and never mixes with the verified figures.