Since 1998, it [International Finance Corporation] has imposed rules on its lending, which require, for example, an environmental impact study and full compensation for those who are displaced. In June, several banks the organization works with agreed to use these standards for all project lending...The I.F.C.'s recent announcement that it would finance a $3.6 billion oil pipeline [consortium led by BP] from Baku, Azerbaijan, through Ceyhan, Turkey, reveals other problems...These problems show that while it broadens its standards, the I.F.C. and its partner banks must also strengthen their mechanisms to monitor and enforce compliance.