In October the Bank’s board approved a $45 million loan from the International Finance Corporation (IFC), for the controversial Allain Duhangan hydropower project in the Indian Himalayas. Local people and Indian NGOs had called for the project to be delayed until numerous grievances were resolved. There are fears that the dam will divert essential water resources from drinking and farming. Villagers filed a formal complaint with the IFC’s Compliance Advisor Ombudsman (CAO) in September. Two days prior to loan approval, the CAO decided that the villagers’ complaint warranted an independent assessment of the project. Opponents fear that now the loan is approved, the CAO’s recommendations will be ignored by project officials.
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
The Bretton Woods Project published an edited volume on the gendered impacts of some of the most commonly-prescribed macroeconomic policies of the IMF, covering tax, expenditure and labour policies.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).