After a preliminary investigation by the Inspection Panel into programmes to develop the rainforests of the Democratic Republic of Congo, the Bank has acknowledged that: it did not properly apply its safeguard policies; was “not aware of the existence of ‘Pygmy’ communities in areas that would be affected by its projects”; and that it was inappropriate to set targets for the number of new logging concessions. Simon Counsell, of NGO The Rainforest Foundation, said “this is a major victory for the Pygmy people of the Congo, whose rights and livelihoods could be seriously harmed by inappropriate development of the country’s rainforests.”
World Bank & IMF in the news
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.