Indigenous peoples

Private Sector

Analysis

IFC-financed private equity fund implicated in Honduras dam

Amidst new complaints on the failure of the investments of the IFC’s financial sector clients to meet the IFC performance standards, including a controversial dam in Honduras, civil society organisations have rejected the IFC’s proposed action plan as unacceptable.

3 December 2013

IFI governance

News

World Bank moves on 'land grabs'

In April World Bank president Jim Yong Kim said that the Bank shares the concerns "about the risks associated with large-scale land acquisitions" and that "additional efforts must be made to build capacity and safeguards related to land rights".

26 June 2013

Rights

News

Ethiopia refuses Inspection Panel investigation

Ethiopia has said that it will not cooperate in a proposed investigation by the World Bank's accountability mechanism, the Inspection Panel (IP), into a programme linked to the Bank that according to the indigenous peoples filing the complaint led to "forced villagisation".

26 June 2013

Private Sector

Analysis

IFC financed 'land grabs' in Cambodia, Laos and Honduras exposed

While the World Bank's leadership is further embracing private equity funds, the IFC's investment in financial intermediaries is again hitting the headlines over allegations of 'land grabs' in South East Asia and lack of respect for indigenous people's rights in Honduras.

26 June 2013

Infrastructure

Analysis

World Bank says "stars are aligned" for large infrastructure

The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.

26 June 2013

Environment

Commentary

Dr Kim, where is Mongolia's economic diversification?

In late February the World Bank's private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) boards decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia. An increasing number of people believe that it is going to lead Mongolia to dependence on one product and one corporation, driving the country into deep insecurity.

8 April 2013 | Guest comment

Environment

Analysis

Climate Investment Funds Monitor 7

The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).

25 April 2013 | Briefings

Environment

News

World Bank ignores IEG on logging

The World Bank board's Committee on Development Effectiveness responded in early February to a December evaluation of its forest strategy by the Bank's Independent Evaluation Group (IEG), by accepting some recommendations but "disagree[ing] with the IEG's recommendation regarding timber concession reform in tropical moist forest countries."

9 April 2013

Rights

News

Safeguards: World Bank urged to incorporate human rights commitments "in all of its activities"

As the consultations on the World Bank's safeguards review progress, indigenous peoples groups and NGOs raised concerns over the process. There were also increased calls for the Bank to respect human rights in its policies, including a report from a UN Special Rapporteur.

8 April 2013

Accountability

News

IFC Honduran client linked to death squads

The International Finance Corporation (IFC, the Bank's private sector arm) loan to Honduran palm oil producer Corporaci

8 April 2013