In August, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the World Bank's private sector arm), launched an audit into its $30 million investment in palm oil and food company Corporaci
The Bank's compliance body, the Inspection Panel (IP), has received a request for inspection from farmers who reforested land in India as part of a Bank carbon sequestration project
Civil society organisations met UK Executive Director to the World Bank Susanna Moorehead and staff from the Department for International Development to discuss IDA, education finance, infrastructure finance, fragile states, agriculture and land, Doing Business rankings, Oyu Tolgoi project in Mongolia.
The International Finance Corporation (IFC), the Bank's private sector arm, has attracted criticism for its purchase of a 6 per cent stake in Armajaro Trading, a London-based commodity trading house founded by controversial hedge fund trader, Anthony Ward.
As the World Bank held its Annual Conference on Land and Poverty in April, campaigners accused it once again of facilitating and legitimising 'land grabs' that harm local communities.
Minutes of agriculture and food security meeting, Washington DC, 19 April 2012
Notes of meeting, Spring meetings 2012, Washington DC
In February about 200 people from across Asia demonstrated outside the World Bank office in Bangkok to highlight the failure of the Responsible Agricultural Investment (RAI) principles, co-authored by the Bank, to protect small farmers
Agriculture re-emerged in the last decade as a focus of World Bank Group lending, with the Bank claiming that "improving agricultural performance is the most powerful tool we have available to reduce global poverty and hunger."
Civil society organisations met UK Executive Director to the World Bank and staff from the Department for International Development to discuss agriculture, land grabs, food security, the safeguards review process, the selection of the next World Bank president, the doing business indicators, and the debt sustainability framework.