United States, Sept. 8 -- The IFC Board of Executive Directors and the MIGA Board of Directors approved an IFC and MIGA Management Action Plan (MAP) in response to a compliance investigation related to the Adjaristsqali Hydropower Cascade Project in Georgia conducted by the Office of the Compliance Advisor Ombudsman (CAO), IFC's and MIGA's Independent Accountability Mechanism. The IFC and MIGA MAP addresses areas for improvement in relation to community water supply and biodiversity impact mitigation.IFC invested in Adjaristsqali Georgia LLC (AGL) to develop a Shuakhevi hydropower scheme to provide renewable power for both Georgian and Turkish markets. The project was designed to support an increase in renewable energy output, reduction in ...