In late 2012 the World Bank announced its first lending to Burma in over 20 years. The concern among many grassroots activists, however, is that the areas to which this money will be funnelled are still in the earliest stages of the peace process, and that huge influxes of money will undermine efforts for sustainable peace.
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In November, the Compliance Advisor/ Ombudsman (CAO), the accountability mechanism for the Bank's private sector arm, published its assessment of a 2011 complaint from a Chadian group of NGOs on behalf of local inhabitants and communities affected by a pipeline in Chad.
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
Human Rights Watch (HRW) has asked the World Bank to review its support for Rwanda in the light of strong evidence of its "disregard of fundamental human rights", including killings of civilians, sexual violence, forced recruitment of children and torture.
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.
Minutes of afternoon sessions of extractives conference, Washington DC, 23 April 2012
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.
The World Bank's 2011 World Development Report (WDR) on Conflict, Security and Violence was challenged in a paper published in the Journal of International Development.
The World Development Report 2011: Conflict, Security and Development is shifting the language of international policy on supporting peace and development in fragile and conflict-affected countries. Monica Stephen of International Alert examines how the World Bank's operations need to adjust to support peace and development.
Civil society organisations met UK Executive Director to the World Bank and staff from the Department for International Development to discuss water, the Bank's private sector approach, health and nutrition, safeguards review and energy strategy.