Sponsors: Action Aid/UK, IMF, TJN Africa, New Rules Coalition, International Centre for Tax Development Panellists: Anna…
Presentation by Morgan Landy, IFC on Dinant Atul, IFC We are development institution, E&S importance…
New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
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.
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.
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.
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.
IFC investments in luxury hotels and shopping malls highlight projects with weak development outcomes.
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.
IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.