Financial Intermediary Lending

News & Updates

AIIB funds first coal despite assurances

(Mumbai, June 21, 2018) - The Asian Infrastructure Investment Bank (AIIB) has funded its first coal-burning project, despite repeated assurances from its senior directors that their “green” bank would steer clear of coal, according to a report released today by

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World Bank and International Investors Bankrolling Climate Disaster in Philippines

(April 18, 2018) – International investors have in recent years poured billions of dollars into coal-fired power plants in the Philippines, one of the world’s most vulnerable countries to climate change. The World Bank Group, commercial banks and asset managers

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Rights in poorer nations must be upheld as Thai firms go abroad, activists say | PLACE

BANGKOK, April 10 (Thomson Reuters Foundation) - Thailand's businesses and its government must do more to protect the rights of vulnerable people abroad, analysts and activists said, after a landmark case filed by Cambodian farmers in a Bangkok court against a Thai sugar firm. It is the first time plaintiffs from another country have filed a class-action lawsuit against a Thai company in a Thai court over its operations outside Thailand.

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Free at Last: Charges Against Indigenous Land Rights Defender & Former World Bank Inspection Panel Translator Dropped

(April 2, 2018) – Today, charges against Pastor Omot Agwa, an indigenous land rights defender from the Gambella region of Ethiopia, were finally dropped by an Ethiopian court. In March 2015, Pastor Omot was arrested in Addis Ababa while attempting to travel

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Forcibly Displaced Cambodians File Historic Lawsuit against Asia’s Largest Sugar Producer

(April 2, 2018) – Displaced farmers from Cambodia have filed a landmark class-action lawsuit against the Thai sugar giant Mitr Phol. The legal complaint was filed in a Thai civil court by two plaintiffs representing a class of approximately 3000

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Report Shines a Light on Hidden Backers of World’s Most Destructive Coal Project

(October 12, 2017) – Some of the biggest players in global finance are quietly backing the world’s most dangerous coal plant, according to an investigative report released today. International investors are enabling and profiting from the proposed Rampal plant in

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