Niger Delta-based organisations outraged over pending World Bank loan for a joint project with Shell Oil in Nigeria, saying IFC favours profitability over local environmental and social concerns.
Private Sector
Infrastructure
News
Nigerians condemn IFC collaboration with Shell
IFC plans for a joint project with the Shell oil company in Nigeria have been condemned by Niger Delta-based community organisations and international human rights groups.
Infrastructure
News
Laos dam controversy
World Bank Asia region staff are currently considering whether to move the Nam Theun 2 dam, Laos, to “pre-appraisal stage”.
Environment
News
Peruvian mine blockade, complaint filed
In early March an estimated 5000 people from towns near the Yanacocha mine blockaded one of the main roads leading to the mine.
Private Sector
News
World Bank arm seeks more transparency
The International Finance Corporation is to press companies in which it invests to improve the rights of their minority shareholders and make their financial statements more transparent.
Environment
News
Chadian president spends pipeline windfall on arms
In June the World Bank agreed to back the Chad Cameroon oil pipeline, despite serious reservations from civil society groups in Chad and around the world.
Private Sector
News
Let them drink Coke
The Multilateral Investment Guarantee Agency (MIGA), a private sector arm of the World Bank Group announced that it is collaborating with the European Union to provide a $23.
Accountability
News
Corrupt Bank staff sacked
The World Bank has sacked three staff members after an investigation revealed they had accepted bribes from several Swedish companies in return for steering contracts worth US$900,000 to the firms.
Private Sector
Analysis
Assessing the IFC: for private gain or poverty reduction?
Bretton Woods Project contribution to compilation of analysis and case studies by a range of NGOs. (September 2000).
Conditionality
News
Mozambique sugar industry threatened
The IMF looks set to repeat mistakes which led to the demise of Mozambique’s cashew processing industry.
