World Bank board to formalise contentious general capital increase at October Annual Meetings
Indian fishing communities that claim to have been harmed by IFC investments seek to challenge its 'absolute immunity'
Court's decision on IFC’s legal immunity in the Tata Mundra coal-fired power plant case will set important precedent
Notes from the 19 April Civil Society Policy Forum session on the response to the 2008 financial crisis at the World Bank and IMF's Spring Meetings.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
World Bank launches new We-Fi fund for women entrepeneurs, but concerns raised that fund won't reach poorest women.
Indian fishing communities and farmers will ask the highest court in the US to rule on IFC's immunity for its role in the controversial Tata Mundra coal-fired power plant in India.
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
As the IFC sets out a new strategy, CAO and CSO reports have raised further criticism over its investment in financial intermediaries, and a new law suit challenges its immunity.
The World Bank is set to reappoint president Jim Yong Kim for another five year term, despite persistent concerns from Bank staff and renewed calls for a merit-based process based on principles of transparency and diversity.
Further concerns have been raised over dilutions of the World Bank’s proposed new safeguards framework, as controversy arose over a Bank waiver of the indigenous peoples policy for a Tanzania project.
The World Bank and the IMF will be meeting in Washington DC for the spring meetings 15-17 April 2016.