Extractives

Accountability

News

ICSID billion dollar cases prompt criticism

The International Centre for Settlement of Investment Disputes (ICSID), an arm of

12 February 2013

Accountability

News

CAO to facilitate dispute resolution over Chad-Cameroon pipeline

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.

6 December 2012

Environment

News

World Bank and climate change

A new Bank report warns about the impacts of climate change, but concerns have been raised about its own track record. While the Bank has increased its renewable energy share, its continued funding of fossil fuels and focus on large scale dams remain controversial.

6 December 2012

Accountability

News

IFC's Oyu Tolgoi mine prompts complaint

In October, Mongolian herdsmen took a complaint to the Compliance Advisor/Ombudsman, the International Finance Corporation's (IFC) accountability mechanism, against the Oyu Tolgoi mine being considered for World Bank support.

6 December 2012

Environment

News

Unearthing the IFC's links to mining abuses

As mining projects in South Africa and Peru face violent opposition, critics are questioning the stakes held by the International Finance Corporation (IFC, the World Bank's private sector arm) in the corporations at the centre of the controversies. New IFC funding for mining projects in Mongolia and Guinea is also causing alarm, leading to a call for a return to the recommendations of the 2005 Extractive Industries Review.

3 October 2012

Environment

News

World Bank's climate record in the dark

As the World Bank officially stepped into its role as interim trustee of the United Nations Framework Convention on Climate Change's (UNFCCC) new Green Climate Fund (GCF), its track record on fossil fuel investments continues to raise concerns.

2 October 2012

Accountability

News

World Bank safeguards under scrutiny

With the World Bank's safeguards review due to be launched, indigenous groups and civil society organisations (CSOs) called for it to be rigorous and extensive. Meanwhile, the environmental and social track record of the Bank and its private sector arm, the International Finance Corporation (IFC), has come under scrutiny in India, Colombia and Brazil.

2 October 2012

Accountability

News

No IFC audit despite new Peru oil spill

In May, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the Bank's private sector arm), closed the Maple Energy case, despite a new oil spill in April.

3 July 2012

Environment

Commentary

An easy call: IFC should quit MRL mining project

The IFC should terminate its support to MRL's Philippine mining venture for not following their guidelines, and more than that, for ignoring the Philippine law concerning indigenous peoples.

3 July 2012 | Guest comment

Environment

News

IMF approves Angola funding

The IMF has agreed to release $133 million to Angola, despite calls for the Fund to withhold the disbursement until the Angolan government accounts for a $32 billion "discrepancy" in its public accounts.

3 July 2012