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Private Sector

private-and-public-accounting

Finance

News

CSOs refuse to participate in World Bank PPP consultation

CSOs have refused to participate in a World Bank PPP consultation until transparency and accountability concerns are addressed.

6 April 2017
Assam tea worker credit: Rajan Zaveri

Rights

Commentary

World Bank continues colonial legacy on Assam’s tea plantations

CAO report validates 2013 complaint by Indian NGOs on IFC investment in colonial tea plantation in Assam. The IFC's action plan is very limited in scope.

31 January 2017 | Comment
Credit: NY - http://nyphotographic.com/

Finance

Analysis

Development finance institutions and responsible corporate tax behaviour

Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.

10 November 2016 | Report
Supercell east of Elwood, Nebraska, May 29, 2008.

Finance

Analysis

What is left of the rise of the South?

While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.

5 April 2016 | Guest analysis
Graffiti remembrance of Berta Cáceres in London

Private Sector

News

IFC investments through financial intermediaries linked to human rights abuses in Honduras, again

A new complaint was lodged with the CAO regarding an IFC financial intermediary investment in Honduras, while another financial intermediary case, previously linked to the IFC, escalate into violence.

5 April 2016
828797 08.12.1988 Генеральный секретарь ЦК КПСС, Председатель Президиума Верховного Совета СССР Михаил Сергеевич Горбачев выступает на сессии Генеральной ассамблеи ООН во время официального визита в США. Юрий Абрамочкин/РИА Новости

Finance

News

UN vote supports calls for independent debt crisis response mechanism outside the IMF

UN votes in favour of accepting new principles to guide sovereign debt restructuring, as CSO report warns of risk of new crises linked to aid and multilateral lending.

28 September 2015
Credit: Oxfam International

Rights

Analysis

Risky business: IFC reluctant to disclose information on high-risk subprojects

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.

8 July 2015
Credit: Oxfam International

Private Sector

Analysis

New report shows IFC FI investments cause human rights abuses around the world

New evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.

2 April 2015 | Report

Other news

Private Sector

Background

18 April 2017 | Minutes

Why impact investments can be an effective tool for social development

Notes of spring meeting session on impact investments, 18 April.

Private Sector

News

31 January 2017

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.

Private Sector

Background

5 October 2016 | Minutes

Examining the IFC’s climate and forest footprint in its financial sector investments

Notes from a side event at the IMF/World Bank 2016 annual meetings on how the World Bank Group can ensure that its financial intermediary investments are consistent with its forest and climate commitments.

Social services

Background

4 October 2016 | Minutes

PPP civil society strategy session

Notes from a PPP civil society strategy session taking place during the week of the World Bank/IMF annual meetings 2016.

Private Sector

News

10 February 2016

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.

Infrastructure

News

29 September 2014

New briefing: Multilateral Development Banks' unburnable carbon

Bretton Woods Project has published a briefing examining five MDBs' fossil fuel investments and exposure to the carbon bubble.

Rights

News

29 September 2014

CAO to assess two new Dinant complaints

The Compliance Advisor Ombudsman will assess two new complaints related to the IFC's controversial investment in Honduran palm oil company Dinant.

Finance

News

20 June 2014

Argentina's creditors accused of “vulture-like behaviour”

Argentina has agreed a deal with its Paris Club creditors, which have been accused of aggressive behaviour in demanding repayment of double the original debt.