World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.
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Compliance Advisor/Ombudsman
IFI governance
Analysis
Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism
As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.
Accountability
Analysis
IFC and MIGA must ‘walk the accountability walk’ on the road mapped by independent review
Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.
Accountability
News
World Bank board silent on Guatemala dam investigation review after February meeting
World Bank board silent following meeting on Guatemala dam investigation into IFC-linked harms.
Accountability
Commentary
Reviews of World Bank Group’s accountability mechanisms too important to be done in secret
Civil society deeply concerned about lack of transparency and consultation in ongoing reviews of World Bank's accountability mechanisms.
IFI governance
Analysis
Annual Meetings wrap-up: Bretton Woods Institutions continue sleepwalking, as economic uncertainty and social tensions intensify
Seventy-five years after their founding, the World Bank and IMF held their Annual Meetings amidst heightened fears of another global financial crisis.
Finance
Analysis
Bretton Woods at 75
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
IFI governance
Analysis
Spring Meetings wrap-up 2019: what crisis of multilateralism?
As the world ponders the fate of a beleaguered multilateralism on the 75th anniversary of the Bank and Fund, both fail to act on essential governance reforms and opt to maintain the unjust privilege of the Global North.
Other news
Rights
News
Report implicates IFC investments in human rights abuses of Uyghur and other minorities in China
New CSO research alleges that IFC investments have contributed to forced displacement and labour, detention, and other human rights violations of Uyghurs and other minorities in Xinjiang, China.
Social services
News
Civil society hails IFC’s divestment from for-profit education provider Bridge International Academies
The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.
Accountability
News
Civil society calls for IFC and MIGA to build upon CAO reform
Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms
Accountability
News
New CAO vice president urged to fight for CAO independence
Civil society call on newly appointed CAO vice president to safeguard CAO’s independence and fight for full implementation of recent external review of IFC and MIGA accountability framework.
Accountability
News
Struggle for IFC accountability for Tata Mundra continues despite landmark immunity ruling
IFC continues to avoid responsibility for its investments in Tata Mundra coal power plant as US federal court rules that harmful acts took place outside the United States.
Accountability
News
Accountability Counsel launches key tool for accountability community
Accountability Console provides complete database of Independent Accountability Mechanism complaints.
Accountability
Background
A complaint by any other name…good practice among independent accountability mechanisms
Notes from the Civil Society Policy Forum panel event on 15 October on independent accountability mechanisms, with a focus on the World Bank’s Inspection Panel and Compliance Advisor Ombudsman.
Land
News
Guinean communities’ complaint against IFC-financed bauxite mine enters dispute resolution
CAO convenes process after February complaint alleged land grabbing, negative livelihood impacts.
