A major beneficiary of World Bank-backed power sector reforms in India is US-based multinational company AES.
Private Sector
Accountability
News
Bribes by companies in Bank-funded African project
A dozen major international dam-building companies involved in the World Bank-funded Lesotho Highlands Water Project (LHWP) have lavishly bribed a top official on the project, allegedly giving nearly US$2 million in bribes over ten years.
Private Sector
News
WB corporate governance initiative explained
Ann Simpson, head of the World Bank’s new corporate governance initiative, explained her plans to UK NGOs in August.
Private Sector
News
Int. Chamber of Commerce Partners with Bank
In June the World Bank agreed to step up cooperation with the International Chamber of Commerce to boost the private sector, trade and investment in the Bank’s member countries.
Private Sector
News
Elections “don’t matter”: says Indonesia fund manager
Foreigners may not know much about these parties, they may not care much, but at the end of the day it doesn’t really matter who wins as long as the IMF and World Bank are still calling the shots.
Accountability
News
Corporate lobbying at the Bank exposed
A recent article in the Legal Times alleges that there is significant corporate lobbying of the World Bank.
Environment
News
Exchange highlights continuing Bank resettlement problems in India
At the half-way mark of the Bank’s controversial Coal India Environmental and Social Mitigation project local groups have criticised aspects of resettlement implementation.
Social services
News
Kyrgz mine spill lessons
A serious cyanide spill at an IFC- and MIGA-backed mine this May raises questions about the Bank Group environmental procedures for mines.
Infrastructure
News
Chad-Cameroon pipeline appeal for support
Cameroonian and Chadian groups are appealing for support during the last few crucial months before the World Bank decides whether to support the Chad-Cameroon oil pipeline project.
Rights
News
Green project causes plant closure
Bulgarian NGOs are angry about the sale of a major copper smelter to a Belgian company as part of a World Bank environment project.
