Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
As the CAO publishes its assessment report of its investigation into allegations of human rights violations by IFC-funded APPL, Tata Tea's parent company in Assam new evidence emerges of the IFC's failings.
Bretton Woods Project and Oxfam are pleased to invite you to a meeting with leading activists including from Cameroon, India, and Argentina who are visiting London as part of a European lobby tour. 11 March 2014 at 14:30.
Khasi indigenous people in Indian state of Meghalaya have filed a complaint with the CAO over illegal land infringement by French multinational Lafarge's Bangladeshi cement plant.
IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.
The World Bank’s December 2013 claim of a record IDA replenishment was undermined by lumping donor loans in with grants and a decline in real terms, while India secured transitional support.
While India is pushing for the World Bank’s Global Infrastructure Facility, the US voted against IFC support for a Saudi Arabian corporation linked to coal power and an Inspection Panel case was registered for a Nepal power transmission project. Concerns were also raised on infrastructure projects in India, Nepal and Burma.
IFC investments in a TV guide, hotels and online shopping highlight projects with weak development outcomes
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Despite its increasingly strong rhetoric on tackling climate change the World Bank continues to fund contentious coal projects in India and Indonesia, including rejecting the findings of its accountability mechanism.
Amidst new complaints on the failure of the investments of the IFC’s financial sector clients to meet the IFC performance standards, including a controversial dam in Honduras, civil society organisations have rejected the IFC’s proposed action plan as unacceptable.
Countries, including Russia and India, have continued to express concerns over the failure to complete the 2010 IMF quota reform.
