Sponsors: Action Aid/UK, IMF, TJN Africa, New Rules Coalition, International Centre for Tax Development Panellists: Anna…
Private Sector
IFI governance
Background
IFC – Dinant and lessons learned
Presentation by Morgan Landy, IFC on Dinant Atul, IFC We are development institution, E&S importance…
Private Sector
Analysis
Follow the money
New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
Environment
Analysis
Global Partnership for Oceans: World Bank fishing in troubled waters?
CSO concerns have been raised over the Bank’s Global Partnership for Oceans initiative, due to the strong emphasis on promoting aquaculture and the push for privatisation of access to fish resources.
Social services
News
Poland reverses World Bank-promoted pension scheme
Poland has taken public control of a World-Bank-promoted private-asset-managed pension scheme which was causing huge losses, but the Bank continues to deny blame.
Private Sector
Analysis
IFC funding to financial intermediaries: unfit for purpose
An IFC investment in ANZ Royal Bank has been criticised after the bank was implicated in a “massive land grab” in Cambodia. Further cases from Guatemala and Honduras reinforce calls for IFC to rethink its investments in financial intermediaries.
Private Sector
News
Response letter to the head of IFC Jin-Yong Cai re: IFC investment in the financial sector
This letter was written to respond to an IFC 6 January 2014 reply to a November 2013 civil society letter about the International Finance Corporation’s action plan to reform lending to the financial sector. The 26 groups signed on to the letter believe the IFC’s action plan is inadequate and urge the head of the IFC to do more to address the audit’s findings.
Private Sector
News
Shopping mall Shangri-La: IFC’s lending for luxury
IFC investments in luxury hotels and shopping malls highlight projects with weak development outcomes.
Land
News
Complaint filed against IFC funded Lafarge mining operation
Khasi indigenous people in Indian state of Meghalaya have filed a complaint with the CAO over illegal land infringement by French multinational Lafarge's Bangladeshi cement plant.
Accountability
News
IFC funded Tata Mundra coal plant to be investigated by ADB
IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.
