The World Bank’s Inspection Panel has visited India in response to a claim filed against the Bank’s Coal India loans. The claim alleged that the Bank’s loans had failed to follow Bank social policies and that livelihoods have suffered as a result, especially through loss of land, forests and water. The Panel visited an official resettlement site for people displaced by the coal mines. It contains “a school with no teacher, a health centre with no nurse and a community hall with no community”. The Panel will report to the Bank’s Board and a full inspection may follow.
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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