Accusations emerged in late July that the World Bank had pressured the Indian government to select Price Waterhouse Coopers (PwC) for advisory work undertaken as part of the Delhi Water Sector Project. Indian anti-corruption group Parivartan used national freedom of information laws to gain access to the correspondence between the Delhi Jal Board, which oversees water supply in the Indian capital, and World Bank officials. World Bank country director for India Michael Carter said “the insinuation that the Bank attempted to favour PwC is completely unfounded.”
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Bretton Woods Project briefing on MDBs' fossil fuel investments and exposure to the carbon bubble
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.
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