EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.
The Fund's expansion of its work into the macro-stability challenges posed by pandemics, climate change, gender discrimination and inequality increases the risks that it may negatively impact communities and individuals.
The IFC is the only DFI that has committed to creating a remedy framework. The basic requirements of a rights-based remedy framework are already known.
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.
Mixed reactions on new World Bank Accountability Mechanism as civil society welcomes incorporation of dispute resolution function but is concerned about possible erosion of Inspection Panel independence.
Civil society deeply concerned about lack of transparency and consultation in ongoing reviews of World Bank's accountability mechanisms.
Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms
Panel yet to rule on case filed in April despite receiving consultant's report.
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.