A/HRC/36/40 IMF-funded activities. It enables both IFIs to ensure the development of policies that are consistent with the rights and needs of these communities. 37. Given the wealth of information and data held by the World Bank and the IMF on issues closely bearing upon the implementation of human rights within States, both IFIs are urged to make this material available, on a regular basis, to relevant bodies within the UN human rights system, such as the UN Committee on Economic, Social and Cultural Rights. The IFIs should also make their staff available to discuss such material with the relevant UN human rights organs. 38. The World Bank and the IMF should evaluate the human rights impact of their projects and policies, ex ante as well as ex post, through the collection of disaggregated data according to, inter alia, gender, race, religion, ethnicity, age and poverty level. 39. The insertion of a human rights clause in the World Bank operational policies will enable the World Bank Inspection Panel to include international human rights law in its review of the standards against which Bank actions are tested. 40. As a complement to the Inspection Panel procedure, the Bank should agree to engage in international arbitration for settling disputes with private parties. Affected parties might claim that the Bank with its operational policies has adversely affected their human rights. 41. Human rights considerations should be integrated in the IMF’s Independent Evaluation Office’s terms of reference, mandate and functioning. The Office, as well as the World Bank Inspection Panel, should build up human rights capacity and resources, including staff training. 42. The IMF should review its accountability mechanisms, in order to provide for settlement of complaints, brought by affected individuals and communities, challenging IMF programs and policies. 33

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