North America

IFI governance

News

World Bank general capital increase to be formalised in October

World Bank board to formalise contentious general capital increase at October Annual Meetings

27 July 2018

Accountability

News

Indian fishing communities petition US Supreme Court to hear case against IFC

Indian fishing communities that claim to have been harmed by IFC investments seek to challenge its 'absolute immunity'

30 April 2018
Mundra coal-fired power plant at Mundra, Gujarat, India. Credit Nizil Shah

Accountability

News

US Supreme Court to hear case challenging IFC’s claim to absolute immunity

Court's decision on IFC’s legal immunity in the Tata Mundra coal-fired power plant case will set important precedent

26 July 2018

IFI governance

Background

Financial crisis 10 years on. Has the response to 2008 laid the foundations for the next?

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.

19 April 2018 | Minutes

Private Sector

Analysis

How the Bank’s push for microcredit failed the poor

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.

8 December 2017 | At Issue

Gender

News

The World Bank’s new Women Entrepreneurs Finance Initiative: Recycling a broken model?

World Bank launches new We-Fi fund for women entrepeneurs, but concerns raised that fund won't reach poorest women.

2 October 2017

Rights

News

Indian plaintiffs seek US Supreme Court review of IFC's “absolute immunity”

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.

27 September 2017

Private Sector

News

World Bank arbitration mechanism ICSID rules in favour of El Salvador

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.

31 January 2017

IFI governance

Analysis

IFC 3.0: superficial upgrades, same problems?

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.

7 April 2017

IFI governance

Analysis

One man, one vote, one option: World Bank set to coronate Kim for second term

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.

23 September 2016

Rights

News

Renewed warnings over World Bank safeguards “dilution”

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.

29 June 2016

IFI governance

News

Spring meetings coverage

The World Bank and the IMF will be meeting in Washington DC for the spring meetings 15-17 April 2016.

5 April 2016