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.
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.
Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.
World Bank board silent following meeting on Guatemala dam investigation into IFC-linked harms.
Civil society deeply concerned about lack of transparency and consultation in ongoing reviews of World Bank's accountability mechanisms.
Seventy-five years after their founding, the World Bank and IMF held their Annual Meetings amidst heightened fears of another global financial crisis.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
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.
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.
The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.
Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms
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.
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 Console provides complete database of Independent Accountability Mechanism complaints.
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.
CAO convenes process after February complaint alleged land grabbing, negative livelihood impacts.