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Yearly Archives: 2013
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.
Several new appointments as part of the restructure for the implementation of the World Bank’s new strategy.
The World Bank has announced that the World Development Report 2015, due to be published in autumn 2014, will focus on Mind and culture.
Latin American states are actively exploring alternative mechanisms to the ICSID state-investor dispute mechanism which they claim has investor bias.
The World Bank’s accountability mechanism, the Inspection Panel, is updating its operating procedures, including a proposed pilot “to support early solutions” in the Panel process.
Countries, amounting to 90 per cent of voting rights, have given agreement to transfer their IMF allocations from gold sales to low income countries.
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.
IFC investments in a TV guide, hotels and online shopping highlight projects with weak development outcomes
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.
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.
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.