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Critical voices on the World Bank and the IMF
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A potential integration of the World Bank and IFC/MIGA accountability mechanisms: How can we ensure complainants’ best interests?
This CSPF panel explored the potential and implications of merging the World Bank Group’s independent accountability mechanisms
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IFC Sustainability Framework Review: Overlooking structural issues
Constrained by the shareholders’ focus on returns over financial risk, IFC prioritises safe markets and leverage, often crowding out private finance instead of providing patient capital for development.
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IFC Sustainability Framework Review
This Inside the Institutions critically analyses the International Finance Corporation’s (IFC) review of its Sustainability Framework, amidst intensifying scrutiny of its harmful investments.
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New investigation highlights harms of for-profit healthcare funded by IFC-backed private equity group
New exposé highlights allegations of abuse at hospitals invested in by IFC’s client TPG Inc.
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Civil society and communities achieve victory as World Bank cancels tourism project in Tanzania
World Bank confirms cancellation of controversial tourism project in Tanzania, after over 2 years of civil society campaigning.
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IFC ends investment in waste-to-energy incineration projects in Gujarat, India, following civil society campaign
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
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Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard
The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.
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CAO report adds to concerns about IFC’s compliance with its own GHG emissions obligations
CAO report substantiates civil society findings about IFC’s failure to comply with its own requirements for GHG emissions measurement, alternatives analysis, mitigation and disclosure.
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World Bank’s lack of meaningful consultation leaves Chiquitano Indigenous Peoples in Bolivia with no recourse
World Bank fails in its commitment to accountability by disregarding communities’ participation all the way through project design, implementation and resulting remedy plans.
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Another day, another IFC scandal
A Telegraph exposé unveils how a private hospital group in India which received £120 million in IFC investment since 2005 was running an illegal organ trading scheme, adding to a growing number of IFC-funded scandals.
