In February Iraq's cabinet approved the IMF supported draft oil law
Private Sector
Environment
News
Mortgaging Iraq’s oil wealth
As a "key ingredient" of IMF lending and debt relief, Iraq's government has just presented a new draft petroleum law to its cabinet that could permit up to two-thirds of Iraq's known reserves to be exploited by multinational oil companies under contracts lasting for 20 years.
Private Sector
News
"Watered-down" changes to arbitration
A package of seven amendments to the rules and regulations of the World Bank's International Centre for the Settlement of Investment Disputes, has been approved by an overwhelming majority of the Centre's member governments.
Environment
News
CAO fails to reduce conflict in Peru
A report by Friends of the Earth finds that the 'roundtable dialogue' set up by the World Bank's Compliance Advisor Ombudsman (CAO) has been unable to fulfil its objectives to intervene effectively in conflicts between the IFC-supported Yanacocha mine company and affected communities in Cajamarca, Peru.
Rights
News
Uruguay pulp mills: “no risk”
IFC-commissioned impact assessment has found few environmental and social risks posed by the pulp and paper mills being built by Finland’s Botnia and Spain’s ENCE in the Uruguayan town of Fray Bentos.
Accountability
News
German firm debarred over Lesotho fraud
In November, the Bank debarred German engineering firm Lahmeyer International over bribery convictions in the Lesotho Highlands Water project.
Accountability
Analysis
The IFCs lessons of experience & the Chad-Cameroon oil and pipeline project
In September 2006 the IFC published its first issue of a new publication entitled Lessons of Experience. However, the IFC's lessons drawn from the external compliance monitoring group in the Chad-Cameroon project read more like a tool to market the concept of external monitors to IFC clients than lessons meant to design a more effective role for the external monitor in improving implementation of social and environmental commitments.
Environment
News
Finaliza la revision sobre las salvaguardas de CFI: riesgo antes que la protección
Los criticos aseguran que los estandares revisados de la CFI llevaran a un aumento y no a una disminucion de los casos de abuso social y del medio ambiente.
Rights
Commentary
UK’s largest ethical bank won’t touch World Bank private sector bonds
Leading development and environment NGOs, including Christian Aid and Friends of the Earth, have today…
Rights
News
Audit finds MIGA at fault in DRC mine
The independent audit of the Compliance Advisor Ombudsman was made public in February.
