Scandal raises new questions about World Bank loans for Trans-Anatolian Pipeline (TANAP), after civil society previously raised concerns over human rights violations and the negative environmental impact of the project.
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Italy
Infrastructure
Analysis
The rise and fall of World Bank funded megaprojects
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
Infrastructure
Analysis
World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe
The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.
Rights
News
World Bank safeguards review: “human rights-free zone”
A UN special rapporteur, CSOs and donor countries have critiqued the lack of human rights in the World Bank's draft new environmental and social framework, as the consultation process has continued to be fraught with difficulty.
Finance
News
Final IDA 17 numbers shrink under scrutiny
The release of the final IDA paper in April confirmed that IDA 17 represents a 7.7 per cent decline in IDA resources. The replenishment saw a loan of $1 billion from China and less generous lending terms for IDA borrowers.
Conditionality
News
Inequality: IMF fails to listen to itself
While NGO Oxfam criticised the IMF for failing to learn lessons of the past in its approach to European austerity, IMF research on inequality produced findings opposite to IMF programme demands for borrowers.
Other news
Environment
News
Development banks pump more money into Southern Gas Corridor, despite fresh concerns
EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project
Finance
News
Financial transactions tax: IMF at odds with Europe
The IMF has put itself out of step with Europe on the issue of financial transaction taxes.
Accountability
News
Italian Senate passes IFI oversight act
An act of the Italian Senate on participation in replenishment of international funds and banks, approved by the Foreign Affairs Committee in July, commits the government review to credit mechanisms to include indicators of a country's capacity to achieve the MDGs, end support for water privatisation, advocate an end for fossil fuel support, and report on positions taken by the Italian representatives at the IFIs.
IFI governance
Commentary
Dichiarazione della società civile europea sulla riforma della governance del Fondo Monetario
La 13a revisione delle quote del Fondo Monetario Internazionale ha generato un forte dibattito sulla necessit
