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  CMI beats global opppostion to advise IFC/World Bank
1st February 2009

CMI has fought off global competition to be appointed to advise the International Finance Corporation (IFC), the private sector arm of the World Bank Group, on its strategy for investing in the development and growth of mediation in emerging markets.

IFC has partnered jointly with London-based organisations CMI and CEDR, to develop best practices in establishing commercial mediation projects worldwide and in an effort to improve the business environment in emerging markets.

The work will focus on a number of areas including the advantages and disadvantages of different s of mediation, such as court-annexed mediation versus freestanding centres. The joint team will also work on areas such as demonstrating the added value of mediation, considering the obstacles to mediation in emerging markets, targeting different sectors of the economy, and identifying key indicators for monitoring ADR performance.

Lada Busevac, IFC’s product leader in ADR said, “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 from CMI and CEDR on board to the help us realize our objectives.”

CMI Director Bill Marsh said, "We are delighted to partner with IFC on this work. They are very active in mediation around the world, and this work provides an opportunity to bring some fresh thinking, and hopefully a new level of creativity and sophistication, to mediation development in emerging markets. We believe this work will set the bar high for future mediation projects".

Source: CMI
Author: Bill Marsh


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