Asian movements together with an international group of networks, movements, campaigns and NGOs will be convening an International Peoples Forum vs the IMF and the World Bank on September 15 to 17 in Batam, Indonesia. The Forum will be a convergence of activities and actions that articulate critiques, express protest and assert alternatives to the roles, policies and operations of these institutions.
East Asia & Pacific
A leaked Inspection Panel report heavily criticises a Bank's forestry management project in Cambodia.
Bank upscales its funding for large scale hydro in Pakistan and Inda, fails to adequately assess resettlement in China, and tries to take credit for increased investment in renewable energy and energy investment merely by increasing its funding for large high risk dam projects.
A report by Can and Leader analyses the concession agreement for the Bank-supported Nam Theun 2 dam in Lao PDR (Update 45), between the country's government and the Nam Theun 2 Power Company Ltd (NTPC).
According to NGOs, the World Bank has facilitated illegal logging in Cambodia, violating its own operational policies in the process.
Bank approves support for Nam Theun 2 dam in Lao PDR despite controversy and strength of international opposition
The Paris Club communiqu
Summary of the World Bank and IMF response to the tsunami
The deadline for the Bank's decision to finance the controversial Nam Theun 2 hydroelectric power project in Lao PDR is fast approaching. However, long-term opponents of the project predict that its environmental and social outcomes will be disastrous, and criticize the current consultation process as fundamentally flawed.
Despite its failure to improve forest management, the World Bank has released further funding to the Cambodian government. NGOs argue that this shows that the Bank is not serious about social and environmental issues. The Bank's anti-corruption credentials are also in doubt as it has awarded a contract for forest monitoring to a company with convictions for bribery.
IMF Managing Director Horst Koehler was reported as backing an independent Asian Monetary Fund when…