Compliance mechanisms

Private Sector

Analysis

IFC funding to financial intermediaries: unfit for purpose

An IFC investment in ANZ Royal Bank has been criticised after the bank was implicated in a “massive land grab” in Cambodia. Further cases from Guatemala and Honduras reinforce calls for IFC to rethink its investments in financial intermediaries.

31 March 2014

Private Sector

News

Response letter to the head of IFC Jin-Yong Cai re: IFC investment in the financial sector

This letter was written to respond to an IFC 6 January 2014 reply to a November 2013 civil society letter about the International Finance Corporation’s action plan to reform lending to the financial sector. The 26 groups signed on to the letter believe the IFC’s action plan is inadequate and urge the head of the IFC to do more to address the audit’s findings.

27 March 2014 | Letters

Accountability

Commentary

World Bank accountability mechanisms: Any lessons learned yet?

The effectiveness of the Bank's accountability mechanisms relies on the extent their findings are accepted by Bank management. In three recent cases the Bank president has not responded seriously to their findings. The mechanisms must be made powerful and independent enough to hold the Bank to account.

27 February 2014 | Guest comment

Land

News

World Bank and agriculture: Cultivating controversy?

The World Bank’s push for ‘climate-smart agriculture’, including a new joint initiative, was criticised by CSOs. An Inspection Panel case on forced labour in Uzbekistan cotton fields was postponed for up to 12 months.

27 February 2014

Rights

Analysis

IFC's bitter tea

As the CAO publishes its assessment report of its investigation into allegations of human rights violations by IFC-funded APPL, Tata Tea's parent company in Assam new evidence emerges of the IFC's failings.

27 February 2014 | Guest analysis

Rights

News

Witness: The World Bank's damage to communities and the environment

Bretton Woods Project and Oxfam are pleased to invite you to a meeting with leading activists including from Cameroon, India, and Argentina who are visiting London as part of a European lobby tour. 11 March 2014 at 14:30.

27 February 2014 | Events

Land

News

Complaint filed against IFC funded Lafarge mining operation

Khasi indigenous people in Indian state of Meghalaya have filed a complaint with the CAO over illegal land infringement by French multinational Lafarge's Bangladeshi cement plant.

26 February 2014

Accountability

News

IFC funded Tata Mundra coal plant to be investigated by ADB

IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.

26 February 2014

Rights

News

Nigeria forced evictions case before Inspection Panel

A case of forced evictions in the Nigerian city of Lagos has been submitted to the World Bank's Inspection Panel.

23 January 2014

Accountability

News

Gonzalo Castro de la Mata appointed new Inspection Panel member

Gonzalo Castro de la Mata was appointed as a new member of the World Bank's Inspection Panel in December 2013.

23 January 2014