Court's decision on IFC’s legal immunity in the Tata Mundra coal-fired power plant case will set important precedent
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North America
IFI governance
Background
Financial crisis 10 years on. Has the response to 2008 laid the foundations for the next?
Notes from the 19 April Civil Society Policy Forum session on the response to the 2008 financial crisis at the World Bank and IMF's Spring Meetings.
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Gender
News
The World Bank’s new Women Entrepreneurs Finance Initiative: Recycling a broken model?
World Bank launches new We-Fi fund for women entrepeneurs, but concerns raised that fund won't reach poorest women.
IFI governance
Analysis
IFC 3.0: superficial upgrades, same problems?
As the IFC sets out a new strategy, CAO and CSO reports have raised further criticism over its investment in financial intermediaries, and a new law suit challenges its immunity.
IFI governance
Analysis
One man, one vote, one option: World Bank set to coronate Kim for second term
The World Bank is set to reappoint president Jim Yong Kim for another five year term, despite persistent concerns from Bank staff and renewed calls for a merit-based process based on principles of transparency and diversity.
Rights
News
Renewed warnings over World Bank safeguards “dilution”
Further concerns have been raised over dilutions of the World Bank’s proposed new safeguards framework, as controversy arose over a Bank waiver of the indigenous peoples policy for a Tanzania project.
Knowledge
Analysis
The World Bank's updated international poverty line, a case of poor measurement?
World Bank updates the International Poverty Line and claims a continued decrease in numbers of poor, but long-standing questions about the methodology used and whether the instrument is fit for purpose persist.
Other news
IFI governance
News
World Bank general capital increase to be formalised in October
World Bank board to formalise contentious general capital increase at October Annual Meetings
Accountability
News
Indian fishing communities petition US Supreme Court to hear case against IFC
Indian fishing communities that claim to have been harmed by IFC investments seek to challenge its 'absolute immunity'
Rights
News
Indian plaintiffs seek US Supreme Court review of IFC's “absolute immunity”
Indian fishing communities and farmers will ask the highest court in the US to rule on IFC's immunity for its role in the controversial Tata Mundra coal-fired power plant in India.
Private Sector
News
World Bank arbitration mechanism ICSID rules in favour of El Salvador
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
IFI governance
News
Spring meetings coverage
The World Bank and the IMF will be meeting in Washington DC for the spring meetings 15-17 April 2016.
Land
News
Gujarat fishermen sue IFC over Tata Mundra
Fishing and farming communities from Gujarat, India, has filed a lawsuit against the International Financial Corporation.
Environment
News
US abstains from IFC investment in Mozambique paper plantation
US has abstained from voting on an IFC investment in a forestry project in Mozambique, raising concerns about environmental and social impacts.
IFI governance
Background
The impact of the BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB)
Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014
