Vietnam, April 7 -- The IFC Board of Executive Directors approved IFC's Management Action Plan in response to an investigation of IFC's investment in An Binh Joint Stock Bank (ABBank) of Viet Nam conducted by the Compliance Advisor Ombudsman (CAO), IFC's independent accountability mechanism.In 2010, IFC invested US$40.6 million in ABBank with the aim of increasing financial inclusion, creating jobs and reducing poverty in Viet Nam. The project aligned with IFC's fiscal 2010-2012 strategy for Viet Nam, which aimed to enhance the country's economic competitiveness during its transition to a market economy and promote inclusive growth. IFC completed a planned divestment from its ABBank shareholdings in May 2024. Prior to IFC's investment in 20...