CAO—Compliance Advisor OmbudsmanThe CAO was created to allow communities affected by the World Bank's private sector arms: the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), to raise their concerns directly. It performs the role of arbitrator and advisor on issues relating to the social and environmental outcomes of projects which involve the IFC and MIGA. The three main functions of the CAO are Compliance, Advisor and Ombudsman. The CAO is located in Washington D.C. and comprises of eight staff, currently headed by Meg Taylor. read more background... Items 1 to 10 of 62All you need to know: World Bank-IMF spring meetings 2013The 2013 spring meetings of the World Bank and IMF will take place from 18 to 20 April in Washington, DC. You will be able find links below to analysis of the communiqués as well as notes of some of the civil society and official meetings, as they become available. read article... Indian NGO faults IFC energy projectA November field study by Indian NGO the Research Collective has found that an International Finance Corporation (IFC, the Bank's private sector arm) supported coal-power plant run by GMR Kamalanga Energy Limited (GKEL), financed through a financial intermediary, has caused water pollution in the Odisha region. read article... ONG de la India encuentra fallas en proyecto energético de la CFIUn estudio de campo de noviembre de 2012, por la ONG hindú Investigación Colectiva, ha puesto de manifiesto que la Corporación Financiera Internacional (CFI, el brazo del sector privado del Banco) financió la planta de energía con base en carbón manejada por GMR Kamalanga Energy Limitada (GKEL), a través de un intermediario financiero, y que esta planta había contaminado el agua en la región de Odisha. read article... Letter to World Bank President Dr. Jim Yong Kim re: IFC investment in the financial sectorWe, the undersigned organisations, welcome the audit by the Compliance Advisor/Ombudsman (CAO) on the International Finance Corporation's lending to the financial sector. The IFC's response to the audit fails to acknowledge the gravity of the findings and is notable for its lack of commitment to addressing them. In advance of the IFC's planned consultation with civil society this month, we urge you to commit to revise the IFC's strategy for investment in this sector. read article... IFC-funded mines: still courting controversyFollowing a year of violence associated with IFC-funded mining projects, the IFC's mining investments in Guatemala, Mongolia, Peru and Colombia are still provoking controversy. read article... IFC oblivious to impact of lending to financial sectorAn audit of the IFC's investments in financial intermediaries reveals a lack of assessment of environmental and social impacts. read article... IFC investments "rarely touch the poor"Criticism of the International Finance Corporation's lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development. read article... Call for freeze on World Bank 'land grabs'As Oxfam called on the World Bank to freeze large scale land acquisitions, the Bank's new agriculture strategy remained under wrap. Concerns have also been raised about ongoing initiatives on 'climate-smart agriculture' and the development of Doing Business in Agriculture. read article... World Bank and climate change Cloudy forecast for policy reform
A new Bank report warns about the impacts of climate change, but concerns have been raised about its own track record. While the Bank has increased its renewable energy share, its continued funding of fossil fuels and focus on large scale dams remain controversial. read article... IFC's Oyu Tolgoi mine prompts complaintIn October, Mongolian herdsmen took a complaint to the Compliance Advisor/Ombudsman, the International Finance Corporation's (IFC) accountability mechanism, against the Oyu Tolgoi mine being considered for World Bank support. read article... |
Articles: 3795 Related itemsRecent briefings & reports
The role of the World Bank in carbon markets 4 February 2011
Programme conditions, project safeguards: Quo vadis World Bank? 8 October 2007 ResourcesMedia briefing note: IFC unaware of the environmental/social impacts of nearly half its portfolio 8 February CAO compliance audit of IFC's financial sector investments 5 February Yanacocha-04 CAO case page 22 November CAO assessment report: Chad-Cameroon pipeline-03 7 November Guatemala's Marlin gold mine: Suggestions to rectify its most serious errors 17 September Vizhinjam complaint page 21 August CAO Dinant appraisal report 13 August CAO Tata Mundra appraisal report 27 July Newswire |
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