The International Finance Corporation (IFC), the World Bank’s private sector lending arm, has been accused of neglecting the rights of indigenous people in the Philippines. The IFC’s support for mineral exploration activities by mining company Mindoro Resources Ltd has led 29 elders from the Mamanwa people to write a letter to the IFC’s Compliance Advisor Ombudsman. The group, who are worried that the mining will lead to the destruction of their native forests, accuses Mindoro of entering “into our ancestral land without proper information and consent from us”, and states that “destroying our forest will affect our daily needs.”
New BWP briefing offers critical gender analysis of World Bank lending instrument to borrowing countries.
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.
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