The World Bank and the IMF pledged their support to the “Extractive Industries Transparency Initiative” in statements made at a high-level conference in London on 17 June.
Private Sector
Finance
News
Bank hypocrisy over Nestlé claim
A Nestl
Rights
News
Public excluded from Bolivian Bechtel case
ICSID has ruled that it will not allow the public or media to participate in proceedings in which Bechtel is suing the people of Bolivia for $25 million.
Accountability
News
UK government reply to Baku-Ceyhan memo
Letter from Rt Hon Baroness Symons, UK Minister of State International Trade and Investment in response to NGO memorandum on the Baku-Ceyhan oil pipeline.
Finance
News
MIGA role in Ethiopian Nestlé claim unclear
Questions about what advice MIGA provided to the Ethiopian government in its role as mediator in a $6m suit filed against the country by the Swiss multinational.
Social services
News
Guyana sued over nationalisation debt
A British company has taken a case to the International Centre for the Settlement of Investment Disputes (ICSID) seeking
Social services
News
Bolivia water latest
Bolivia provides further lessons from Bank-backed water privatisation.
Accountability
News
Lesotho corruption verdict
Following a seven month trial, Canadian company Acres International was convicted on two counts of bribing an official to secure contracts for the Lesotho Highland Water Project, which received financing from the World Bank.
Rights
News
Turkish oil project raises human rights, governance concerns
An agreement between oil multinationals and the government of Turkey for an IFC-backed pipeline exempts the companies from obligations under Turkish law that may threaten the project’s profits, including environmental, social and human rights legislation.
Rights
News
Bank inspectors find fault with Chad Cameroon pipeline project
The Bank’s own Inspection Panel has backed many of the complaints by non-governmental organizations about a major oil pipeline in West Africa.