the IFC has offloaded its 3.35 per cent equity stake, worth up to $7.5 million in the Singapore-based global commodities trader, Olam International
Sub-Saharan Africa
IFI governance
Commentary
Bankspeak of the year 2007
Annual Bretton Woods Project award for the most incomprehensible or absurd use of language in a Bank or Fund document or speech.
Social services
News
IFC and health "unsubstantiated claims"
In a December report financed by the Bill and Melinda Gates Foundation, the International Finance Corporation (IFC) estimates that over the next decade $25 to $30 billion will be needed to meet the needs of Africa's health care and announced that it will coordinate $1 billion, in equity investments and loans to finance private sector health provision in Sub-Saharan Africa
Rights
News
Bujagali dam under second investigation
As a result of claims submitted by the Ugandan NGO, National Association of Professional Environmentalists, the Bujagali dam is under investigation again
Rights
News
Panel investigates Ghana's landfill complaint
In October the board accepted the Inspection Panel's recommendation for a full investigation into a complaint filed by the NGO Centre for Housing Rights and Evictions (COHRE)
Environment
News
Bank violates own policies in Congo
The findings of an Inspection Panel investigation into the Bank's failure to comply with its own safeguard policies in its support for forest sector reforms in the Democratic Republic of Congo (DRC) was discussed by the board in January
Conditionality
News
Senegal joins the ranks of PSI countries
The East African nation of Senegal became the first francophone country to sign up to a Policy Support Instrument (PSI), a Fund programme for low-income countries that involves oversight and conditionality but no financing.
Accountability
Commentary
El Banco Mundial y el Gasoducto de África Occidental
Análisis crítico sobre el gasoducto de África Occidental, un proyecto apoyado por el Banco Mundial.
Environment
Commentary
The World Bank and the West Africa Gas Pipeline Project
A critical analysis of the the World Bank-supported West Africa Gas pipeline, by Michael Karipko of Environmental Rights Action, Port Harcourt, Nigeria
Environment
News
Gold mining undermines rights in Mali
A report by French NGO FIDH looks at the negative impact of gold mining on the prorection of human rights in Mali
Accountability
News
Ghana Inspection Panel request
COHRE has filed a complaint to the Inspection Panel.
Environment
News
Competing to ‘light up’ Africa
The Bank's latest carbon reduction credentials are offset against the institution's continued funding for large-scale, grid-based energy sector loans.
