2004 was a bumper year for new acronyms from the masters of the art form. But three new outstanding additions deserve special mention.
Brazilian and international NGOs charge that IFC-funded soy and cattle projects in the Amazon further deforestation, ignore social and environmental risks and contradict World Bank policy.
The World Bank's board of directors recently approved an investment guarantee for the US$590 million West Africa gas pipeline (WAGP)
World Bank environmental and social safeguard policies have long been a subject of contention. The Bank has now begun to shift from "explicit, mandatory policies, to which it can be held accountable, to flexible principles or national standards, permitting the investor and/or the borrowing government to determine the project's social and environmental requirements". This is illustrated most clearly by the on-going reviews of the IFC's Safeguard Policies and World Bank's Country Systems.
Uncorrected highlights of a 14 December meeting between UK NGOs and UK Executive Director to the World Bank and IMF, Tom Scholar.
More than 200 civil society organisations and socially responsible investors called on the International Finance Corporation (IFC), the private sector arm of the World Bank, to protect the interests of the poorest and the public when setting rules governing global private investment
The central argument put forward by proponents of the World Bank's involvement in oil, gas and mining projects is that the Bank's presence ensures compliance with higher environmental and social standards than would be the case without its involvement. However, the case of Coal India - an open-pit coal mine in Jharkand state - casts serious doubt on this argument.
Following two weeks of protests and road blocks that shut down the city of Cajamarca…
In 1982 more than 400 Maya Ach
Civil society organisations globally have stepped up their campaign against the International Finance Corporation's process to overhaul its safeguard policies.