The IFC is set to expand operations in fragile and conflict-affected states such as Burma, despite indications that systemic problems identified in Honduras persist.
A review of the World Bank’s support for public-private partnerships by the Independent Evaluation Group reveals a lack of proven poverty impacts.
An IMF review of three new lending facilities has resulted in only "cosmetic" changes critics say.
IFC’s accountability mechanism has criticised a series of errors in IFC’s social and environmental risk management of its Peruvian Quellaveco mine investment.
An audit by the IFC’s accountability mechanism says the IFC failed to adequately address environmental and social risks when it approved a $70 million loan to Honduran bank Ficohsa.
Bretton Woods Project response to IFC executive vice president Cai’s Bank blog challenges the IFC’s commitment to address systemic problems.
The IMF’s provision of an exceptional access loan to Ukraine was presented as vital economic support, but many commentators fear that this loan is driven as much by political as economic necessity. Despite emphasising increased sensitivity to country circumstances, Fund policy recommendations in Egypt are very similar to its prescriptions for Ukraine.
The release of the final IDA paper in April confirmed that IDA 17 represents a 7.7 per cent decline in IDA resources. The replenishment saw a loan of $1 billion from China and less generous lending terms for IDA borrowers.
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
IFC invests in another five-star hotel, raising further questions whether its investments lead to positive development outcomes.