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The advisory function is authorized when the President and/or the Board are of the opinion that projects, programs, policies and procedures of the Bank Group can benefit from the accumulated experience of the IRM and support efforts of staff and Management to strengthen the social and environmental impact of the projects funded by the Bank Group. The advisory function is carried out to provide independent opinions on systemic issues, and technical advice on projects and programs of the Bank Group.
The advisory function is triggered either upon receipt by BCRM of a request for advice or technical opinion from the President and/or the Board, or upon approval by the President and/or the Board of a proposal submitted by the Director of BCRM for such advisory service.
The advisory function consists of advisory services provided by BCRM as well as IRM Experts’ spot-check advisory reviews of project compliance.
The specific objectives of the advisory work of BCRM will depend on the nature of the request, but will typically include:
Advisory services of BCRM will be triggered upon receipt by the Director of BCRM of a request for advice or technical opinion from the President and/or the Board or upon approval by the President and/or the Board of a proposal submitted by the Director of BCRM for such advisory service.
The scope of the advisory service will be:
The main objective of the spot check advisory reviews of project compliance is to gather information, draw lessons from the experience of the IRM for the purpose of advising Management on the issues associated with high risk projects.
The spot check is undertaken using the following procedure: