The International Finance Corporation, the Bank's private-sector arm, has brought in labour mediators in an attempt to resolve a dispute that threatens to leave hundreds of employees at an IFC-funded plant in Haiti without work.
Private Sector
Environment
News
Baku Ceyhan human rights activist arrested
Activist Ferhat Kaya was arrested by the Turkish authorities in early May following his work…
Private Sector
News
Haitian victory
Thirty-four union members at a free-trade zone plant financed by the IFC - laid off for over six weeks - were reinstated on 14 April.
Private Sector
News
Acres debarment: Litmus test for Bank on corruption
The Bank's sanctions committee has reopened the debarment case against Acres International, a Canadian firm whose conviction for bribing an official was upheld by the Lesotho appeals court last August.
Environment
News
Global warming speaks louder than words
The gap between the World Bank's pronouncements on the dangers of climate change and the reality of its lending practices presents an ever increasing danger for the global commons.
Infrastructure
Commentary
The World Bank's high-risk hypocrisy
the World Bank is not serious about the social and environmental policies it trumpets at global conferences. Senior World Bank staff in its India office indicated that they neither know nor care about procedures that are supposed to make its infrastructure lending socially responsible. This represents institutional hypocrisy.
Private Sector
News
IFC Haiti project funding goes ahead despite investigation’s "mixed results"
The IFC committed $20 million to an industrial park in a Haitian free trade zone on 15 January, after an independent investigator found that "the project deserves continued strong support given its development impact, even if some wrongdoing was demonstrated."
IFI governance
News
Extractives report tables harsh criticism, many suggestions
In mid-January the report of the Extractive Industries Review was tabled, containing many strong criticisms of the Bank's record in the oil, gas and mining sector and a series of detailed recommendations.
Private Sector
Commentary
Baku-Tbilisi-Ceyhan pipeline
Around the world, when politics and money prevail, the environment is the last issue considered.…
IFI governance
News
UK MPs question WB governance
On 6 November the International Development Committee of the House of Commons held an evidence session on World Bank/IMF issues
