On 31 January, the IFC approved a $125 million loan to Newmont Mining Corporation for the development of the Ahafo gold mine project in western Ghana. Ghanaian and international NGOs say the project has displaced 9,500 people and will displace a further 20,000. A number of people have been injured over compensation rows. Environmental concerns include depleted groundwater, contamination of water sources, and threats to biodiversity. “Newmont has not addressed the community concerns. Instead it has spent resources on research to support its public stance that the community problems are nonexistent”, said Daniel Owusu-Koranteng, executive director of the Wassa Association of Communities Affected by Mining.
In the news
This briefing shows that multilateral governance is at risk if long-overdue IMF quota amd board reforms are not ratified.
This briefing analyses the "biggest investment boom in human history", examining elements of a new public-private partnership focused infrastructure investment model, including the role of the World Bank Group.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).