Funding from the World Bank and the European Investment Bank for the controversial Bujagali dam in Uganda is imminent.
IFC
Environment
Background
Highlights of meeting with Tom Scholar and UK NGOs
Highlights of meeting between Tom Scholar and UK NGOs, December 2006
Environment
News
CAO fails to reduce conflict in Peru
A report by Friends of the Earth finds that the 'roundtable dialogue' set up by the World Bank's Compliance Advisor Ombudsman (CAO) has been unable to fulfil its objectives to intervene effectively in conflicts between the IFC-supported Yanacocha mine company and affected communities in Cajamarca, Peru.
Environment
News
Global energy solutions bank on carbon trading
In the midst of climate talks in Nairobi and the release of the Stern review on the potential catastrophic economic impacts of climate change, the World Bank has been touting the most recent draft of its investment framework on clean energy and development, and stepping up its role in devising market-based solutions to climate change. Critics have decried the hypocrisy of the Bank's role in funding fossil fuel projects, and the perverse rationale behind carbon trading
Accountability
Analysis
The IFCs lessons of experience & the Chad-Cameroon oil and pipeline project
In September 2006 the IFC published its first issue of a new publication entitled Lessons of Experience. However, the IFC's lessons drawn from the external compliance monitoring group in the Chad-Cameroon project read more like a tool to market the concept of external monitors to IFC clients than lessons meant to design a more effective role for the external monitor in improving implementation of social and environmental commitments.
Rights
News
Uruguay pulp mills: “no risk”
IFC-commissioned impact assessment has found few environmental and social risks posed by the pulp and paper mills being built by Finland’s Botnia and Spain’s ENCE in the Uruguayan town of Fray Bentos.
Environment
News
World Bank energy policy under scrutiny
A new report published by a coalition of international environment and development non-governmental organisations concludes that the World Bank's promise to seriously support alternative energy sources remains unfulfilled.
Accountability
News
BTC: destruction, abuse and betrayal
In July, as the oil in the IFC-supported Baku-Tblisi-Ceyhan (BTC) pipeline finally began flowing a year behind schedule, civil society groups from affected countries and elsewhere presented evidence of destruction, abuse and betrayal.
Rights
News
The IFC at fifty: All that glitters is too much gold
As the International Finance Corporation (IFC) marks its golden anniversary, the institution claims to serve "as a catalyst for innovative, market-based solutions for reducing poverty and addressing environmental and social challenges". The reality fails to justify such a glittering perspective. Problem gold mine projects in Ghana, Peru and Kyrgyzstan and serious weaknesses in its recent human rights impact assessment programme undermine the future credibility of an institution that is increasin
Environment
News
Bank environmental commitment under fire
Details of the World Bank's current sustainability disasters in light of the dismantling of ESSD
Environment
News
Sustainability dismantled
World Bank president Wolfowitz announces his move to disband the Environmentally and Socially Sustainable Development (ESSD) network within the Bank. It will be merged with the Bank's infrastructure department and report to the current head of the infrastructure department, Kathy Sierra.
IFI governance
News
‘Cleaning’ energy
Environment and development groups have slated the World Bank’s ‘Clean energy and development: towards an investment framework’ for its perverse definition of clean energy, letting Northern polluters off the hook and neglecting the needs of the rural poor.
