Performance standards

Private Sector

News

New CAO Kamalanga report: five years of IFC non-compliance

CAO has released another report critical of IFC’s compliance with its own performance standards, highlighting lack of action and continued harm to affected communities.

10 February 2016

Private Sector

Analysis

IFC: Learning lessons or institutional amnesia?

In response to the IFC’s shaming over its involvement with Dinant corporation in Honduras, the institution produced a “lessons learned” document. However, it has been rejected by campaigners, who are demanding more fundamental reform.

20 June 2014

Private Sector

News

IFC ignores concerns about investments in financial intermediaries

IFC disagrees with concerns raised by CAO about its capacity to assess whether its investments through financial intermediaries have a positive development impact.

2 February 2015

Private Sector

Analysis

What is the social impact of the World Bank’s support to regulatory reform? Don’t ask the Bank

World Bank Group’s Independent Evaluation Group highlights that the Bank's support to business regulation reforms fails to capture the social impact of regulatory reform

20 November 2014 | Guest analysis

Private Sector

News

Civil society letter re: the IFC and lessons learned

A letter from civil society in response to the IFC's lesson learned briefing

13 June 2014 | Letter

Private Sector

Analysis

IFC funding to financial intermediaries: unfit for purpose

An IFC investment in ANZ Royal Bank has been criticised after the bank was implicated in a “massive land grab” in Cambodia. Further cases from Guatemala and Honduras reinforce calls for IFC to rethink its investments in financial intermediaries.

31 March 2014

Private Sector

News

Response letter to the head of IFC Jin-Yong Cai re: IFC investment in the financial sector

This letter was written to respond to an IFC 6 January 2014 reply to a November 2013 civil society letter about the International Finance Corporation’s action plan to reform lending to the financial sector. The 26 groups signed on to the letter believe the IFC’s action plan is inadequate and urge the head of the IFC to do more to address the audit’s findings.

27 March 2014 | Letter

Land

News

Complaint filed against IFC funded Lafarge mining operation

Khasi indigenous people in Indian state of Meghalaya have filed a complaint with the CAO over illegal land infringement by French multinational Lafarge's Bangladeshi cement plant.

26 February 2014

IFI governance

News

IFC funded Tata Mundra coal plant to be investigated by ADB

IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.

26 February 2014

Rights

Commentary

CSO response to the CAO investigation into IFC investment in Corporación Dinant, Honduras

An international statement, signed by 70 organisations, in response to the publication in mid January of a CAO audit and the IFC response and action plan related to IFC investment in Corporación Dinant, Honduras.

16 January 2014 | Statement