In February the UN Special Rapporteur’s report on housing was released, highlighting the impact of government policies on the right to adequate housing, and how they have contributed to the current crisis. The report laments the precedence market forces are given over housing provision. A section on the effect of World Bank and IMF structural adjustment programmes (SAPs) states that in Ghana they “pushed prices beyond affordable levels for a significant proportion of the population." SAPs are also identified as contributing to slum growth, displacement and ensuing impoverishment by causing "governments to lessen their efforts concerning economic, social and cultural rights".
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.