IFC has reviewed its portfolio in Myanmar and verified that none of its IFC’s direct investments, including in financial intermediaries, are owned or controlled by the Myanmar military, its senior generals, or their immediate family members. As of February 1, 2021, IFC has paused making new investments in Myanmar as we closely monitor and assess the situation.

As standard practice, IFC conducts integrity due diligence (“IDD”) before engaging with business clients and partners. The process is risk-based and in the case of Myanmar and other geographies includes due diligence designed to ensure that clients are not linked to the military, amongst other potential risks. IFC projects are also subject to ongoing monitoring and supervision for integrity issues.