News

11 Feb 2009

International Finance Corporation to develop Global best practice in ADR

CEDR (Centre for Effective Dispute Resolution) has recently signed a contract with the International Finance Corporation (IFC), the development arm of the World Bank, for a one-year consultancy contract to develop best practice in the establishment of Alternative Dispute Resolution (ADR) projects worldwide. In conjunction with CMI (Conflict Management International), CEDR will provide guidance and support to IFC in its ADR projects in emerging markets.

As part of IFC's work it improves the business environment in many developing countries where there is often dissatisfaction with contract enforcement and efficiency of the judicial system. A number of ADR projects are currently being operated by the IFC, in Albania, Bosnia Herzegovina, Macedonia, Morocco, Pakistan, Serbia and Tonga, in addition to other planned projects including.

Current IFC methodology usually involves the creation of court annexed or independent ADR/Mediation centres to which cases are referred. This best practice consultation will consider a number of areas including what are the advantages and disadvantages of different models of ADR such as court-annexed mediation versus freestanding centres. Other points to be consulted on are demonstrating the added value of ADR, considering the obstacles to ADR in developing markets, how to target different sectors of the economy and what are the best indicators for monitoring ADR performance.

At the end of the consultation the IFC will be provided by CEDR and CMI with Commercial ADR and Mediation guidelines and workshops to share the gathered information and expertise.

Lada Busevac, IFC's product leader said, "The IFC has shown consistent support in using ADR to help address some of the issues present in creating successful trading environments. We are delighted to have ADR experts CEDR on board to the help us realise our objectives."

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