The World Bank is planning a controversial major overhaul of its social and environmental policies. NGOs say the Bank has already diluted key provisions of these policies and are determined not to allow further changes which will make it harder to hold the Bank accountable for the impacts of its operations. They are calling for the Bank to improve the content and implementation of its policies in line with international agreements.
World Bank & IMF in the news
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.