In January, local and international NGOs wrote to the World Bank demanding actions to achieve genuine forest reform in Papua New Guinea (PNG). The World Bank is poised to consider whether it should release the second portion of its Structural Adjustment Loan to PNG and whether it should approve a forest sector loan. These pose an important test for whether the Bank will fulfil its own policies and use funds provided by its member nations and their citizens in a responsible way.
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This factsheet explains how the International Finance Corporation (IFC) operates, how development impact is measured, and the latest trends in investments by sector, region and instrument.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).