A report by NGOs in Chad, Cameroon and the US finds that the World Bank’s Implementation Completion Report (ICR) for the Chad-Cameroon pipeline is seriously at odds with the findings of official project monitors.
Minutes of meeting on the Chad-Cameroon pipeline
An Indian forestry project is found to violate Bank safeguards.
A report by a coalition of German NGOs finds that Germany extra-territorial obligations extend to its role in multilateral development banks.
A report by Friends of the Earth finds that the 'roundtable dialogue' set up by the World Bank's Compliance Advisor Ombudsman (CAO) has been unable to fulfil its objectives to intervene effectively in conflicts between the IFC-supported Yanacocha mine company and affected communities in Cajamarca, Peru.
In October the Swedish minister of foreign affairs launched a Nordic trust fund for justice and human rights, and the World Bank Institute devoted its latest edition of Development Outreach, to human rights and development
In September 2006 the IFC published its first issue of a new publication entitled Lessons of Experience. However, the IFC's lessons drawn from the external compliance monitoring group in the Chad-Cameroon project read more like a tool to market the concept of external monitors to IFC clients than lessons meant to design a more effective role for the external monitor in improving implementation of social and environmental commitments.
As the International Finance Corporation (IFC) marks its golden anniversary, the institution claims to serve "as a catalyst for innovative, market-based solutions for reducing poverty and addressing environmental and social challenges". The reality fails to justify such a glittering perspective. Problem gold mine projects in Ghana, Peru and Kyrgyzstan and serious weaknesses in its recent human rights impact assessment programme undermine the future credibility of an institution that is increasin
World Bank president Wolfowitz announces his move to disband the Environmentally and Socially Sustainable Development (ESSD) network within the Bank. It will be merged with the Bank's infrastructure department and report to the current head of the infrastructure department, Kathy Sierra.
A number of new reports have come out in criticism of the IFC's recent revision of its lending standards.