An international statement, signed by 70 organisations, in response to the publication in mid January of a CAO audit and the IFC response and action plan related to IFC investment in Corporación Dinant, Honduras.
Latin American states are actively exploring alternative mechanisms to the ICSID state-investor dispute mechanism which they claim has investor bias.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
New concerns have been raised on the World Bank’s involvement in the Simandou mine in Guinea, including on the use of biodiversity offsets, while civil society has repeated unaddressed concerns on the Mongolia Oyu Tolgoi mine. Further concerns have been raised on mines in Dominican Republic, Peru and South Africa.
In October 2012, the Tunisian government submitted a draft bill to the Constituent Assembly to shape a legal and institutional framework favourable to public-private partnerships (PPP).
Controversial IFC investments in tourism and infrastructure projects continue to cause friction with local communities, prompting a new complaint to the Compliance Advisor/Ombudsman.
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.
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.
The International Finance Corporation (IFC), the World Bank's private sector arm, has recently formalised its 'blended finance' approach, undertaking investment in the private sector at lower than market rates using subsidies provided by donors. Donors' concessional funds are combined with the IFC's own non-concessional funding.
The future of "Doing Business" has nothing to do with World Bank President Jim Yong Kim's opinion of growth ("Stand up for 'Doing Business'", The Economist, 25 May). You confuse growth with a set of indicators which many inside and outside the Bank find fundamentally flawed.