Minutes of an open roundtable with EDs that occurred during the 2013 spring meetings.
The International Finance Corporation (IFC, the Bank's private sector arm) loan to Honduran palm oil producer Corporaci
French police searched the Paris apartment of IMF managing director Christine Lagarde in late March as part of an investigation over the way Lagarde, as French minister of finance, handled the compensation settlement of French millionaire Bernard Tapie.
Criticism of the International Finance Corporation's lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development.
The World Bank has decided to reengage with Bangladesh's Padma bridge project after it suspended its promised $1.2 billion loan last year over allegations of corruption in the consultant selection process
At end May, the World Bank Group's Sanctions Board, the Bank's independent administrative tribunal for allegations of corruption and fraud in Bank projects, published its decisions on sanction cases for the first time.
The Bank has opened an online consultation on proposed revisions to its governance and anticorruption strategy, which “will redefine and re-position its governance and anti-corruption work.”
As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Financial Corporation (IFC) investments in extractives are provoking complaints and protests around the world.
Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan.
The increasing use of private equity (PE) firms as conduits for World Bank lending continues to stoke controversy.