French court finds IMF managing director Lagarde guilty of “negligence in dealing with public funds” when she was finance minister in 2008, however no fine or sentence was imposed.
Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.
A report by the UN independent expert on foreign debt, exploring inequality, financial crises and human rights, claims that IMF programmes are associated with a worsening of income distribution.
A UN special rapporteur, CSOs and donor countries have critiqued the lack of human rights in the World Bank's draft new environmental and social framework, as the consultation process has continued to be fraught with difficulty.
The World Bank Group released its new Gender Strategy for 2016-2023 in December.
The World Bank faced further criticism as it launched its third consultation phase on its proposed environmental and social framework.
Civil society continues to pressure IFC on disclosure of high risk subprojects, as it responds to a critical report detailing the human rights consequences of its investments.
New evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.