Notes from a side event at the IMF/World Bank 2016 annual meetings on the role of management in ensuring development banks responds appropriately to community complaints.
IFC
Rights
News
Complaint lodged for forced labour in IFC-funded project in Uzbekistan
Forced labour victim and human rights defenders have filed a complaint with CAO, alleging that IFC knowingly finances a company benefiting from forced labour.
IFI governance
Background
Equity, inclusion and education: Examining evidence on low-fee private schools
Notes from a side event on privatisation of education and low-fee private schools, which took place during the World Bank-IMF 2016 annual meetings.
Finance
News
IFC's (ir-)responsible tax investment policy
Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.
Social services
News
Uganda to close IFC partner’s schools
Uganda has announced that it will close IFC-backed Bridge Academy private schools due to poor hygiene and sanitation.
Accountability
News
World Bank accountability mechanisms look to improve complainant protection
In response to increasing concern about the safety of human rights and environmental defenders, the World Bank’s accountability mechanisms look to improve complainant protection against retaliation and intimidation.
Finance
Analysis
World Bank and IMF: Where do they stand on progressive and responsible taxation?
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
Social services
News
IFC-pushed private education investment model criticised by UN
Two UN committees and a special rapporteur have questioned development aid funding going to private education, including through IFC supported Bridge International Academies.
Rights
News
Calls for the World Bank to suspend funding to Honduras amid continued human rights concerns
Civil society responds to World Bank president Jim Yong Kim statement on human rights abuses and displacement by calls for the World Bank to suspend funding to Honduras amid continued human rights concerns.
Social services
News
US Congresswoman criticises World Bank investments in water privatisation
A US Congresswoman has called for an end to the World Bank’s investments in water privatisation until a robust evaluation has taken place.
Environment
Analysis
Climate Investment Funds Monitor 13
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Environment
Analysis
Clean Technology Fund (CTF)
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
