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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India
Social services
News
CSOs urge IFC to divest from for-profit school chain
CSOs urge investors to divest from private school provider Bridge International Academies; IFC remains investor, despite WDR’s concerns with private education.
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.
Knowledge
Analysis
After 15 years, World Bank’s Doing Business Report still missing the mark
CSOs argue DBR’s deregulation policies do not lower income inequality or promote inclusive economic growth, instead incentivising tax competition and undermining inclusive development.
Rights
Analysis
The IMF, Gender Equality and Labour
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
Social services
News
World Bank’s cascade into education: Liberia’s public-private partnership
Report by global union found privatisation and corporate capture are obstacles to progress on 2030 agenda. Independent research of education PPP trial in Liberia finds unsustainable costs.
Finance
News
Deepening World Bank and AIIB cooperation: Locking in a failed development model?
Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
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.
Other news
Land
News
Potential Inspection Panel probe of Amaravati 'land grab' allegations deferred again
Panel received request to investigate allegations related to proposed World Bank loan in 2017.
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'
Environment
News
Landmark climate-change complaint against IFC lodged in Philippines
The Philippine Movement for Climate Justice (PMCJ) makes history by filing first ever climate-related complaint against the IFC with the Compliance Advisor Ombudsman (CAO).
Rights
News
Controversial Sardar Sarovar Project dam set to displace thousands
Dam - supported by World Bank from 1985-1993 - formally opened by Indian Prime Minister despite resettlement being incomplete.
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.
Social services
News
Uganda to close IFC partner’s schools
Uganda has announced that it will close IFC-backed Bridge Academy private schools due to poor hygiene and sanitation.
Rights
Background
World Bank Inspection Panel - emerging lessons on environmental assessment
Notes from a meeting at the IMF/World Bank 2017 spring meetings launching the third report in the Inspection Panel's new series on "emerging lessons", on environmental assessment.
IFI governance
Background
Equity, inclusion and education: Examining evidence on low-fee private schools
Notes from a side event on privatisation of education and low-fee private schools, which took place during the World Bank-IMF 2016 annual meetings.
