The IFC is the only DFI that has committed to creating a remedy framework. The basic requirements of a rights-based remedy framework are already known.
How IMF and World Bank support for financialisation undermines human rights
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
World Bank’s IFC ends funding for fee-paying primary and secondary schools
Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.
IFC approves loan to industrial agriculture producer in Brazil despite pleas for protection of sensitive grassland biome
World Bank’s IFC $200 loan for large-scale agricultural production in Brazil disregards serious human rights and environmental concerns, despite calls by 200 civil society organisations globally
Argentine civil society denounces new IMF agreement as illegitimate
Civil society rejects new Agreement arguing IMF loan will be used to pay odious debt and result in reforms damaging to human rights.
World Bank’s new Accountability Mechanism: One step forward…?
Mixed reactions on new World Bank Accountability Mechanism as civil society welcomes incorporation of dispute resolution function but is concerned about possible erosion of Inspection Panel independence.
Report implicates IFC investments in human rights abuses of Uyghur and other minorities in China
New CSO research alleges that IFC investments have contributed to forced displacement and labour, detention, and other human rights violations of Uyghurs and other minorities in Xinjiang, China.
Open letter UN Human Rights Council and UN Special Rapporteur on Disability Rights, Gerard Quinn
Letter from World Bank Disabled Support Group to UN Human Rights Council and UN Special Rapporteur on Disability Rights
Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
Spring Meetings 2021 wrap up: Socialism for those who can afford it, neoliberalism for the rest
As the world struggles with divergent recovery paths from the pandemic, the IMF and World Bank once again failed to take the decisive action required during the Spring Meetings.