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Addressee: IFIs

Paragraph Number: 55
Session: 12 (2013)
Full Text:

The Permanent Forum recommends that international financial institutions adopt and incorporate the right of indigenous peoples to free, prior and informed consent, without qualification, into their safeguard policies and project-related instruments. International financial institutions must ensure that their clients and borrowers engage in processes with indigenous peoples affected by bank-financed projects to secure their free, prior and informed consent.

Area of Work: Economic and Social Development
Paragraph Number: 55
Session: 3 (2004)
Full Text:

The Forum reiterates its recommendations on economic and social development made at its second session, in particular those contained in chapter I, section B, paragraphs 26-28, 33-34, 36, 39 and 44 of the report.

Area of Work: Economic and Social Development
Paragraph Number: 13
Session: 8 (2009)
Full Text:

The Permanent Forum supports the work of the Special Representative to urge States to integrate human rights into those areas that most affect business practices, including corporate law, export credit and insurance, investments and trade agreements. The Forum suggests that the Special Representative urge States to ensure that such business practices comply with the relevant provisions of the United Nations Declaration on the Rights of Indigenous Peoples. The Forum urges the Special Representative to incorporate the specific views and distinct perspectives of indigenous peoples on social and economic development. Regarding the Americas, corporations must also comply with therulings of the Inter-American Court of Human Rights, which construe the States’ obligations under International Labour Organization (ILO) Convention (No. 169) concerning Indigenous and Tribal Peoples in Independent Countries with regard to the Declaration as extending even to States that have not ratified the Convention. The Forum recommends that this principle be applied in other jurisdictions.

Area of Work: Economic and Social Development