Yearly Archives: 2013

CAO finalises report into IFC’s role in Dinant, Honduras

A CAO report into the IFC’s controversial role in Honduras palm oil company Dinant, has stalled with Bank management as civil society groups call for Bank president Kim to take action against the human rights abuses.

The IMF’s debt restructuring dilemma

Burgeoning debt levels, and problems in Jordan and Philippines, indicate that debt crises are not behind us. While the IMF considers policy changes, an influential group of scholars has proposed a new Fund facility for handling sovereign debt restructuring.

A mine of controversy: World Bank push for large scale extractives

New concerns have been raised on the World Bank’s involvement in the Simandou mine in Guinea, including on the use of biodiversity offsets, while civil society has repeated unaddressed concerns on the Mongolia Oyu Tolgoi mine. Further concerns have been raised on mines in Dominican Republic, Peru and South Africa.

World Bank courts controversial coal in India and Indonesia

https://www.facebook.com/photo.php?fbid=692991880725248&set=a.677685025589267.1073741828.677682028922900&type=1&relevant_count=1

Despite its increasingly strong rhetoric on tackling climate change the World Bank continues to fund contentious coal projects in India and Indonesia, including rejecting the findings of its accountability mechanism.

A fragile solution: World Bank’s new approach to fragile and conflict affected states

World Bank launches a new approach to fragile states, accompanied by resources, including IFC investment but it remains unclear what role it will play in implementing the reforms.