Sub-Saharan Africa

Accountability

News

Complaint against the IFC in Mozambique

The Compliance Advisor/Ombudsman (CAO), the International Finance Corporation's (IFC) accountability mechanism, has transferred a complaint over an IFC-supported project in Mozambique to its compliance function, which will assess whether the project has breached the IFC's performance standards.

7 February 2012

Accountability

News

The World Bank and extractives: a rich seam of controversy

As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Financial Corporation (IFC) investments in extractives are provoking complaints and protests around the world.

7 February 2012

Social services

News

World Bank-funded "toxic dumping ground"

Ugandan newspaper New Vision called attention to the "horrific sanitation conditions" of a Bank-funded waterway in Uganda in November 2011

7 February 2012

Conditionality

News

Inflation "obsession" hurting Kenyan growth

Constraints placed on the Central Bank of Kenya's monetary policy by the IMF have been condemned as damaging to Kenya's growth.

21 November 2011

Finance

News

Bank upgrade of Zambia fails to impress

The World Bank's reclassification of Zambia from low-income country to lower middle-income country has been hailed as an economic achievement by Zambia's president Rupiah Banda, but is less celebrated in other quarters.

14 September 2011

Accountability

News

South African loan to Swaziland hinges on IMF conditions

The crisis-hit government of Swaziland agreed a 2.4 billion rand ($324 million) loan from South Africa in August, which will be conditioned on the adoption of IMF-recommended fiscal reforms.

14 September 2011

Finance

News

South Sudan born free from IFI debt

While South Sudan achieved formal independence in early July, it was not until late July that full agreement was reached that left South Sudan with no debt, apportioning all existing debts, including significant arrears to the IMF and World Bank, to Sudan alone.

14 September 2011

Knowledge

News

IFC hotel investment: "corporate welfare"

The International Finance Corporation (IFC), the World Bank's private sector arm, has come under fire for approving a $26 million loan to Saudi Arabian prince Al-Waleed bin Talal to build a luxury hotel in Ghana.

13 September 2011

Social services

Commentary

IFC helping Western multinationals exploit Ghana's water crisis

The water supply crisis in Ghana is being exploited by all manner of pro-market corporate bodies ranging from the World Bank to Coca-Cola. While the World Bank is licking its wounds from failed private water management initiatives, such as the Aqua Vitens Rand Limited management contract in Ghana, the International Finance Corporation (IFC), its private sector arm, is investing in small-scale private water ventures via WaterHeath International (WHI).

13 September 2011 | Guest comment

Land

News

World Bank won't give up on carbon markets

As the Bank's own report declares the carbon market is failing, the Bank is still pushing forward carbon finance initiatives.

13 September 2011

Environment

Commentary

World Bank's Africa strategy remains rutted in comfort zone

A critical analysis of the World Bank's new strategy for Africa

14 June 2011 | Guest comment

Environment

News

Bank seeks business in Middle East unrest

Staff at the World Bank's political insurance arm greeted unrest in the Middle East and North Africa as a business opportunity, amid criticisms that IFI policies had fuelled the crises.

7 April 2011