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IFC still failing to track impact of investments on local communities, reports say | Devex

Two new reports, one of which is by the IFC's own watchdog, have criticized the World Bank's private sector lending arm for negating its duty to make sure the high risk investments it makes to intermediaries are not causing environmental and social damage to communities further down the financing line.

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Out of control: The World Bank’s reckless private sector investments in Southeast Asia exposed

Dozens of harmful and high-risk projects in Southeast Asia have received hidden funding from the World Bank Group, an ongoing investigation by Inclusive Development International has revealed. The International Finance Corporation (IFC), the World Bank’s private-sector arm, is surreptitiously channeling

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Safeguarding communities and the environment in Chinese investments: New resources from Inclusive Development International

Inclusive Development International is pleased to announce the publication of a new set of action resources for advocates on Chinese outbound investment and infrastructure finance.  Safeguarding People and the Environment in Chinese Investments: A Guide for Community Advocates, which IDI

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Victims put pressure on ANZ over the loss of their land

Pheun Ra, 42, was visiting her mother in hospital when security guards from the ANZ bank-financed Phnom Penh Sugar Company arrived at her small plot of land in Cambodia's south. Over several hours, the guards demolished her home as part of a land grab to make way for a new sugar plantation backed by one of Cambodia's most powerful figures.

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BankTrack – Leading banks under fire for misrepresenting human rights responsibilities

A group of eleven major banks has met with a wave of criticism from civil society, academics, the UN Working Group on Business and Human Rights (“the UN Working Group”) and Prof. John Ruggie, the architect of the UN Guiding Principles on Business and Human Rights (“the UNGPs”), after publishing a paper on the human rights responsibilities of banks.

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Adani coalmine ‘covertly funded’ by World Bank, says report | Environment | The Guardian

The bank’s private sector arm is accused of subsidising loans that funded the Indian firm’s Queensland exploration bid

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