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New tools: Empowering communities to defend their rights in private sector investments

Inclusive Development International is pleased to announce the publication of two new action resources for communities impacted by private sector investments. The Community Guide to the International Finance Corporation is a resource for people affected by IFC-funded projects.   The guide is

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World Bank implicated in violent evictions for Guinea gold mine, victims file complaint with accountability office

(May 17, 2017) – A group of displaced people in northeastern Guinea has filed a formal complaint with the World Bank’s private-sector arm, the International Finance Corporation (IFC), for its role in supporting a mining company that grabbed their land

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TIAA tied to deforestation and displacement of farmers, environmentalists claim in new report

WASHINGTON D.C. – According to a report released today by leading environmental and social justice advocates, the investment management firm TIAA is leading a trend of speculating in land markets, which drives up farmland prices and displaces family farmers. TIAA

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World Bank fuels land grabs in Africa through shadowy financial sector investments

The World Bank Group has indirectly financed some of Africa’s most notorious land grabs, according to a new report by Inclusive Development International and other watchdogs. The World Bank’s private-sector arm, the International Finance Corporation (IFC), is enabling and profiting

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Europe’s ‘blood sugar’ – POLITICO

PHNOM PENH, Cambodia — In 2006, the Cambodian sugar industry was so negligible as to be non-existent. A decade on, it has grown into a multi-million dollar commercial enterprise — largely thanks to a European policy known as “Everything But Arms” (EBA), which provides tariff-free access to the common market for exporters from the world’s least-developed nations..

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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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