CSO fear World Bank board will compromise, undermining Inspection Panel powers.
US Supreme Court rejects IFC's immunity from suits in the US in landmark case
IFC announces changes to environment and social safeguards after historic United States Supreme Court ruling.
Plaintiffs make case for ending IFC's 'absolute immunity'
The Doing Business Report 2019 criticised by civil society over its promotion of deregulation and low business tax.
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
Civil society press for review of Inspection Panel and Compliance Advisor Ombudsman to result in reserve funds, community-led monitoring systems and greater power for accountability mechanisms.
Panel received request to investigate allegations related to proposed World Bank loan in 2017.
Court's decision on IFC’s legal immunity in the Tata Mundra coal-fired power plant case will set important precedent
CSOs urge investors to divest from private school provider Bridge International Academies; IFC remains investor, despite WDR’s concerns with private education.
Indian fishing communities that claim to have been harmed by IFC investments seek to challenge its 'absolute immunity'
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.