We present an abstract framework for concurrent processes in which atomic steps have generic side effects, handled according to the principle of monadic encapsulation of effects. Processes in this framework are potentially infinite resumptions, modelled using final coalgebras over the monadic base. As a calculus for such processes, we introduce a concurrent extension of Moggi's monadic metalanguage of effects. We establish soundness and completeness of a natural equational axiomatisation of this calculus. Moreover, we identify a corecursion scheme that is explicitly definable over the base language and provides flexible expressive means for the definition of new operators on processes, such as parallel composition. As a worked example, we prove the safety of a generic mutual exclusion scheme using a verification logic built on top of the equational calculus
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