Private Sector

Private Sector

News

Haitian jobs hang in the balance in IFC-funded plant

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.

26 July 2004

Environment

News

Baku Ceyhan human rights activist arrested

Activist Ferhat Kaya was arrested by the Turkish authorities in early May following his work…

28 May 2004

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.

28 May 2004

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.

5 April 2004

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.

5 April 2004

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.

5 April 2004 | Guest comment

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."

3 February 2004

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.

2 February 2004

Private Sector

Commentary

Baku-Tbilisi-Ceyhan pipeline

Around the world, when politics and money prevail, the environment is the last issue considered.…

17 November 2003 | Guest comment

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

17 November 2003