The independent audit of the Compliance Advisor Ombudsman (CAO) into the Multilateral Investment Guarantee Agency’s (MIGA) due diligence for the Dikulushi copper-silver mining project in Katanga (see Update 49, 47) was finally made public in February. The audit found that MIGA did not adequately consider the risks that the project poses to local communities, nor did it fully understand the implications for its client of implementing the Voluntary Principles on Security and Human Rights. Congolese and international organisations welcomed the overdue release of the report, urging that all companies receiving Bank support comply with international human rights standards.
New report reveals IMF policy in the MENA region has remained unchanged after the 2011 Arab uprising, despite its rhetoric for change towards inclusive growth.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).