The World Bank Group has appointed the first IFC/MIGA Compliance Advisor/Ombudsperson. She will help address the concerns of local communities adversely affected by an IFC– or MIGA– backed projects, and advise senior management on implementation of environmental, social and information policies. The appointee, Meg Taylor is from Papua New Guinea. She served on the PNG Law Reform Commission, was PNG‘s Ambassador to the United States and is Chairperson of Conservation Melanesia, and a board member of WWF USA and several private companies in PNG.
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.