East Asia and PacificBrunei Darussalam, Cambodia, China, Fiji, Indonesia, Japan, Kiribati, North Korea, South Korea, Lao PDR, Malaysia, Marshall Islands, Micronesia, Fed. States of, Mongolia, Myanmar, Palau, Papua New Guinea, Philippines, Samoa (Independent), Singapore, Solomon Islands, Thailand, East Timor, Tonga, Vanuatu, Viet Nam, Taiwan, Australia, Cook Islands, Nauru, New Zealand, Niue, Tuvalu. read more background... Items 1 to 10 of 86Community files complaint against IFC in Papua New GuineaThe Compliance Advisor Ombudsman (CAO) of the International Finance Corporation (IFC), the World Bank's private sector arm, has accepted a complaint by local communities in Papua New Guinea referring to the IFC's role in advising the government on drawing up laws for special economic zones (SEZs). read article... China and the World BankChina joined the World Bank in April 1980, and since then has been one of its largest borrowers and recipients of technical assistance. In recent years, China has gone beyond the only role of recipient country and has increased its influence on the Bank. read article... IFC ignores rights in the Philippines?The International Finance Corporation (IFC), the World Bank's private sector lending arm, has been accused of neglecting the rights of indigenous people in the Philippines. read article... Papua New Guinea: Fears about SEZThe International Financial Corporation's (IFC) proposal to establish a Special Economic Zone (SEZ) in Papua New Guinea (PNG) has caused concerns within the country. read article... Palmed off: World Bank's palm oil framework 'business as usual' despite environmental and rights concernsThe World Bank’s draft framework for investment in the palm oil sector was met with dismay from civil society groups, who said that it failed to offer a credible strategy to address manifold social and environmental problems. read article... Is IFC palm oil investment a foregone conclusion?The World Bank is currently undertaking a major review of its controversial engagement in palm oil production, but critics warn that consultation has been inadequate and that the Bank seems to have already decided to continue investment in the sector. read article... Palm oil plantation perpetuates povertyA study by NGO Rainforest Action Network of a World Bank-funded oil palm plantation in Papua New Guinea reports violations of Bank performance standards by thrice funding the palm oil plantations of agribusiness giant Cargill with no record of a consultation process. read article... Asia debates moving away from IMF and WestAt a conference in Penang, Malaysia in August, officials, academic and members of civil society from the Asian region sought to chart a way towards greater regional cooperation that would insulate them from the IMF and financial crises. read article... Breaking the chains? IFC backs out of palm oil
Violations of the IFC's performance standards in a palm oil project in Indonesia could have far reaching effects, drawing attention to the IFC's responsibility for the impact of whole supply chains as a review of their social and environmental standards gets under way. read article... IFIs and Zimbabwe a love - hurt relationshipThe allocation of special drawing rights to Zimbabwe have stirred controversy about whether the country should use these to bolster its flagging public finances, while the fragile coalition government struggles with an external debt burden projected by the IMF to hit almost $7 billion by the end of the year. read article... |
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