Safeguards

Social services

News

Response letter from IFC on investment in the financial sector

Thank you for your email letter addressed to Dr. Jim Kim, President of the World Bank Group, dated 12th March 2013, and your clarifying email of 27th March, relating to IFC investments in the financial sector. In this regard, following Dr Kim's response to you, he has asked us to provide a detailed response to your messages.

17 May 2013 | Letters

Accountability

Background

UK civil society meeting with UK World Bank Executive Director Gwen Hines

Notes of a meeting with UK executive director to the World Bank Gwen Hines in April 2013

29 April 2013 | Minutes

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

Accountability

Background

Bending the arc of poverty

The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.

22 April 2013 | Minutes

Accountability

Background

Financial and housing crises, the Bank's safeguards and the right to adequate housing

This session featured a presentation from UN special rapporteur on the links between financial and housing crises, safeguards and the right to adequate housing.

22 April 2013 | Minutes

Accountability

Background

The challenges of advancing sustainability at the World Bank

This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.

22 April 2013 | Minutes

Accountability

News

Spring meetings 2013: communiqués coverage

Coverage of the communiqu

22 April 2013

Rights

News

Campaigners demand new IFC financial sector strategy

In early March, 45 civil society organisations wrote to World Bank president Jim Yong Kim complaining that the International Finance Corporation (IFC, the World Bank's private sector arm) response to the an audit of its lending to the financial sector "fail[ed] to acknowledge the gravity of the findings and [was] notable for its lack of commitment to addressing them".

8 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

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