A number of new reports have come out in criticism of the IFC's recent revision of its lending standards.
IFC
Infrastructure
News
Co-op Bank ditches IFC bonds over renewables
The UK's Co-operative Bank announced in April that it will not hold investments in the IFC because of its contribution to climate change.
Accountability
News
Bank stumped on Uruguayan paper mills
The IFC and MIGA have been unable to manage the international dispute created by their proposed investment in two pulp and paper mills in Uruguay, and show no signs of setting a board date for considering Bank support.
IFI governance
Background
Briefing on the implementation of new IFC performance standards
Briefing on the implementation of new IFC performance standards at the World Bank-IMF spring meetings in Washington, 20 April 2006.
Accountability
Background
Highlights of UK NGO meeting with Secretary of State for International Development, Hilary Benn
Highlights of meeting between UK NGOs and Secretary of State for International Development, 18 April 2006
Finance
Background
Highlights of UK NGO meeting with executive director to the WB and IMF, Tom Scholar
Brief highlights of NGO meeting with Tom Scholar, April 2006
Rights
Commentary
UK’s largest ethical bank won’t touch World Bank private sector bonds
Leading development and environment NGOs, including Christian Aid and Friends of the Earth, have today…
Rights
News
Early repayment by paper firm relieves culpability for violence, says IFC
The International Finance Corporation has washed its hands of a violent eviction carried out by the Brazilian federal police in January on behalf of the pulp and paper company Aracruz Cellulose.
Social services
Background
The World Bank and water
An overview of how water-related issues are managed at the World Bank.
Environment
News
IFC safeguard review finished: client risk over protecting rights
Critics assert that the IFC's new revised standards will lead to more not fewer cases of social and environmental abuse.
Environment
News
UK reports on World Bank and IMF: More work to do
The UK's Department for International Development and Treasury released in late March annual reports on their relationship with the World Bank and the IMF respectively.
Rights
News
IFC backs controversial Ghana gold mine
On 31 January, the IFC approved a $125 million loan to Newmont Mining Corporation for the development of the Ahafo gold mine project in western Ghana, which NGOs link to human rights and environmental problems.
