Thirteen Guinean villages lodge complaint against World Bank for financing destructive bauxite mine
(March 8, 2019 – Conakry) – Residents of 13 villages in western Guinea have filed a formal complaint against the International Finance Corporation (IFC), the World Bank’s private-sector arm, for funding the expansion of a harmful bauxite mine.
Treize villages guinéens portent plainte contre la Banque mondiale pour le financement d’une mine de bauxite nocive
Les populations de 13 villages situés à l’Ouest de la Guinée ont déposé une plaintecontre la Société financière internationale (SFI), institution du groupe de la Banque mondiale chargée du secteur privé, pour avoir financé le développement d’une mine de bauxite nocive. Les 540 plaignants affirment que la Compagnie des bauxites de Guinée, qui pilote le projet financé […]
‘China’s World Bank’ is making it easier to complain | China Dialogue
People can soon start filing grievances with AIIB projects, but the new policy still falls short. Inclusive Development International’s Natalie Bugalski and partners review AIIB’s new Complaints Handling Mechanism in this China Dialogue story by Lili Pike.
Criminal complaint lodged against Guinean security forces for crackdown on electricity protests against AngloGold Ashanti
A criminal complaint has been lodged at the Court of First Instance of Siguiri, Guinea by ten victims of human abuses committed by Guinean defense and security forces during a crackdown on demonstrations against the local subsidiary of mining giant AngloGold Ashanti (SAG) last June.
As climate crisis bites, World Bank further distances itself from coal
As climate crisis bites, World Bank further distances itself from coal International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project. READ FULL ARTICLE ▶
Banking royal commission: ANZ’s Cambodian sugar plantation finance failed to meet human rights standard
Banking royal commission: ANZ’s Cambodian sugar plantation finance failed to meet human rights standard More bad news for banking giant after Australian government inquiry finds ANZ failed to meet its own human rights standards in a Cambodian sugar deal. READ FULL ARTICLE ▶
ANZ bank issued rare rebuke by Australian oversight body
ANZ Banking Group violated its own policies and international human rights standards by financing a Cambodian sugar company that seized land from local farmers, according to a statement released today by an Australian government body that monitors corporate behavior overseas. In a rare rebuke of a commercial bank, the Australian National Contact Point found it […]
Civil society welcomes IFC’s moves to exclude coal in its financial intermediary lending
(Bali) – Civil society groups from around the world today welcomed news that the World Bank’s private sector arm, the International Finance Corporation (IFC), has taken significant steps to vastly reduce its exposure to coal through new financial intermediary (FI) investments. The CEO of the IFC, Philippe Le Houérou, has committed to help FI clients […]
Thai court accepts Cambodian land grabbing case, orders mediation
(Bangkok) – A Thai court has accepted a landmark lawsuit filed by plaintiffs representing a class of over 700 Cambodian farming families accusing Asia’s largest sugar producer of grabbing their land and destroying their livelihoods. In line with Thai legal procedure, the judges have asked the plaintiffs and the defendant, the Thai sugar giant Mitr […]
Experts call on Supreme Court to reverse decision protecting IFC’s absolute immunity
(Washington, DC) – On Tuesday, nine NGOs and experts filed an amicus brief before the US Supreme Court in support of the Indian fishing communities and farmers who are challenging the International Finance Corporation (IFC)’s claim to absolute immunity in Jam v. IFC. The amici call for the Supreme Court to reverse the lower court’s decision, […]