Coca-Cola Pakistan retreated from a proposed a $60 million loan from the International Finance Corporation (IFC), the World Bank's private sector arm, after a trade union announced plans to challenge the investment.
Pakistan
Finance
News
Pakistan running from the IFIs
The Pakistani government is facing increased pressure from the IMF to meet the requirements of its financial stabilisation programme, agreed in 2008, including the full implementation of a value added tax (VAT) and specific foreign borrowing targets.
Conditionality
News
IMF doles out poor tax advice in Pakistan
Tax experts in Pakistan commented critically on the IMF’s December mission on the country’s tax system.
Rights
News
Addressing the legacy of big dams
Two recent publications by NGO International Rivers unearth how the legacy of past World Bank dam projects remains unaddressed.
Rights
News
World Bank dams provoke hunger strikes in Pakistan
In February affected communities, and local NGOs undertook a hunger strike in protest against the implementation of the Bank funded water project of the Taunsa Barrage Emergency Rehabilitation and Modernisation.
Rights
Commentary
People’s assembly demands justice from World Bank
Villagers of Badin district in southeastern Pakistan are demanding compensation from the World Bank for a drainage infrastructure project that has wrought environmental devastation and led to the loss of lives.
Rights
News
Irrigation project violates Bank's safeguards policies
Communities in the Sindh Valley in Pakistan have filed a claim with the World Bank Inspection Panel citing potential harmful effects of the 285 million dollar National Drainage Program (NDP) on the indigenous Mallah people.
Rights
News
Pakistani hunger strikers seek reparations for damaging project
In March Pakistani activists observed a hunger strike in front of the World Bank offices in Islamabad. The strikers pointed out that Bank-backed projects have caused serious damage to their livelihoods and the coastal ecology and called for the loan to be suspended.
Conditionality
News
Pakistanis walk out from WB “consultation”
NGOs, CBOs and academics walked out from the World Bank’s so-called “public consultation” on its Country Assistance Strategy on May 17th.
Accountability
News
Pakistani groups walk out from World Bank “consultation”
NGOs, CBOs and academics walked out from the World Bank’s so-called “public consultation” on its Country Assistance Strategy on May 17th.
