Extractives

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

IFI governance

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

IFI governance

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

IFI governance

Background

EIR + 10

Minutes of afternoon sessions of extractives conference, Washington DC, 23 April 2012

23 April 2012 | Minutes

IFI governance

Background

Lessons from IEG's Cluster Review of IFC-supported Extractive Industries Projects

Minutes of IFC and extractives meeting, Washington DC, 21 April 2012

21 April 2012 | Minutes

Environment

Background

IMF Consultation on Natural Resources Management and Taxation

Notes of meeting, Spring meetings 2012, Washington DC

19 April 2012 | Minutes

IFI governance

News

The World Bank and extractives: a rich seam of controversy

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.

7 February 2012