An international statement, signed by 70 organisations, in response to the publication in mid January of a CAO audit and the IFC response and action plan related to IFC investment in Corporación Dinant, Honduras.
Private Sector
Private Sector
Analysis
ICSID and Latin America
Latin American states are actively exploring alternative mechanisms to the ICSID state-investor dispute mechanism which they claim has investor bias.
Finance
Analysis
The IFIs in 2013: year in review
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Private Sector
Analysis
IFC-financed private equity fund implicated in Honduras dam
Amidst new complaints on the failure of the investments of the IFC’s financial sector clients to meet the IFC performance standards, including a controversial dam in Honduras, civil society organisations have rejected the IFC’s proposed action plan as unacceptable.
Private Sector
Analysis
Croissants and TV guides: World Bank's new poverty reduction strategy?
IFC investments in a TV guide, hotels and online shopping highlight projects with weak development outcomes
Environment
Analysis
A mine of controversy: World Bank push for large scale extractives
New concerns have been raised on the World Bank’s involvement in the Simandou mine in Guinea, including on the use of biodiversity offsets, while civil society has repeated unaddressed concerns on the Mongolia Oyu Tolgoi mine. Further concerns have been raised on mines in Dominican Republic, Peru and South Africa.
Private Sector
News
Response letter to World Bank President Dr. Jim Yong Kim re: IFC investment in the financial sector
This letter was written to respond to a World Bank 18 April reply to a March civil society letter about an audit of the International Finance Corporation’s lending to the financial sector. The over 50 groups signed on to the letter believe the IFC’s response is inadequate and urge the Bank's president to insist the IFC do more to address the audit’s findings.
Private Sector
News
IFC's Kaldany to lead Caisse emerging markets investments
Rashad Kaldany, the International Finance Corporation's chief operating officer, is appointed to lead Caisse emerging markets investments.
Finance
News
Financial transactions tax: IMF at odds with Europe
The IMF has put itself out of step with Europe on the issue of financial transaction taxes.
Private Sector
News
A bad business: Bank divisions on Doing Business revealed
Newly emerged internal documents from the World Banks’ own legal unit reveal strong criticism of the controversial Doing Business rankings following the independent review panel’s critical final report in June.
