A $70 million loan that the International Finance Corporation (IFC), the Bank’s private sector arm, provided in March 2013 to the Danish company Axzon to expand its industrial pig farming in western Ukraine, has come under increased pressure from local communities and civil society groups. In February, affected communities in the Ivano-Frankivsk region lodged a complaint with the Compliance Advisor Ombudsman (CAO), the IFC’s accountability mechanism, criticising the company for producing air pollution and odour harmful to the health and well-being of local citizens thereby infringing their human rights. The complaint also raises concerns about potential ground and water pollution, the breach of national laws in constructing farms dangerously close to villages and severe limitations in access to information on the company’s environmental impact and public participation in decision making. The CAO found the complaint eligible and has begun an assessment.
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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