Free Prior and Informed Consent is an international requirement for development projects that has been recognised as customary law by the Inter American Court of Human Rights since 1984. FPIC is most relevant to the protection of indigenous populations from unwelcome incursion and investment into their resources. Free Prior and Informed Consultation is a 2005 World Bank amendment which threatens the autonomy and human rights of indigenous peoples by removing the need for consent.
It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.
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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.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).