Extractives

Environment

News

Palm oil plantation perpetuates poverty

A study by NGO Rainforest Action Network of a World Bank-funded oil palm plantation in Papua New Guinea reports violations of Bank performance standards by thrice funding the palm oil plantations of agribusiness giant Cargill with no record of a consultation process.

20 November 2009

Environment

News

IFC lends a hand in great "land grab"

As the International Finance Corporation, the private sector arm of the World Bank, announces plans to increase investment in agribusiness by up to 30 per cent in the next three years, NGO reports shed light on the IFC's role in 'land grabs' and flaws in its approach to the food crisis.

20 November 2009

Environment

Background

Consultation meeting on World Bank environmental strategy

Summary of the first consultation on their new environment strategy, which they will develop next year.

6 October 2009 | Minutes

Environment

News

Business as usual?

The World Bank's planned energy strategy review focusses on energy access for the poor and environmental sustainability, but NGOs fear it will justify continued fossil fuel finance.

22 September 2009

IFI governance

Background

Safeguard policies and performance standards

Originally drafted as internal operational policies to guide staff, World Bank safeguard policies evolved after pressure from environmental and social groups in the 1980s and were first officially implemented in 1998. They aim to protect people and the environment from the adverse effects of Bank-financed operations and are based on international agreements, even if these protections are not explicitly provided for in the borrower country's national law.

22 September 2009 | Inside the institutions

Environment

News

Contract transparency missing as IFC expands oil investments in Africa

As the World Bank's private lending arm, the International Finance Corporation (IFC), expands its role in the African oil and gas sector, civil society groups are insisting that it adopt a requirement for full contract transparency in all of the extractive industries projects that it finances.

22 September 2009

IFI governance

News

Breaking the chains?

Violations of the IFC's performance standards in a palm oil project in Indonesia could have far reaching effects, drawing attention to the IFC's responsibility for the impact of whole supply chains as a review of their social and environmental standards gets under way.

22 September 2009

Environment

News

ICSID in crisis

The International Center for the Settlement of Investment Disputes (ICSID) is facing an explosion of cases and increasingly vocal criticism from Latin American countries. Questions remain over whether it helps channel productive investment to developing countries or serves as a tool for multinational corporations to get their way.

10 July 2009

Environment

News

U-turn on Doing Business: time to withdraw from the knowledge bank?

The World Bank Group has recently admitted that some crucial assumptions of its Doing Business report were misguided, and faces a fundamental critique of its knowledge role.

10 July 2009

Environment

News

IFC's role in Yemen mining

Trends in the relationship between World Bank and IFC technical assistance policies and the IFC's investment portfolio raise interesting questions over possible conflicts of interest. Disclosure at the IFC remains opaque making specific details of projects and policies hard to come by.

17 April 2009