The Baku-Tblisi-Ceyhan (BTC) pipeline has come under renewed scrutiny just over one year after receiving an IFC loan in November 2003, worth $300 million. UK Parliamentarians from the trade and industry committee cross-examined officials of the British export credit agency on issues of environmental and technical safety of the BTC pipeline. Throughout 2004 a number of press reports have exposed concerns raised by whistleblowers of major technical failings and cutting corners on costs. Campaigners had warned the IFC before its decision that the project violated its own mandatory standards on 173 counts.
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
This briefing provides an overview of the immunity of international organisations in US law, looking at a lawsuit brought against the IFC regarding the Tata Mundra coal power plant in India.
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