Billions in “out of control” IFC investments into third parties causing human rights abuses around the world
The International Finance Corporation has little accountability for billions of dollars’ worth of investments into banks, hedge funds and other financial intermediaries, resulting in projects that are causing human rights abuses around the world. The claim is part of a new report by Oxfam, Inclusive Development International and other NGOs, released a week before the World Bank […]
IDI submits detailed comments on involuntary resettlement and land rights to the World Bank Safeguards Review
In the fall of 2012 the World Bank began a two-year review of its safeguards policies, which are intended to ensure that its investments “do no harm” to people and the environment. Inclusive Development International has been working with civil society partners around the world to mobilize a concerted, international effort to strengthen the content and implementation of […]
Open Letter from Anuak Ethiopian Refugees to the President of the World Bank, Jim Yong Kim
Dear Mr. President, We are the Requesters, Anuak refugees and asylum seekers based in Kenya (Dadaab, Kakuma and Nairobi) and South Sudan (Gorom), who submitted a complaint to the World Bank Inspection Panel in September 2012. We have written to you twice before but we have never received a response. This is our final appeal […]
US Congress opposes World Bank plan to weaken environmental and social protections
After months of global criticism of the World Bank’s July 2014 proposal to weaken longstanding environmental and social protections, or safeguards, the US Congress has weighed in forcefully. The 2015 Omnibus Appropriations Act, which was adopted this weekend, instructs the US Treasury department to oppose any World Bank policy that provides less protection than the […]
Commencement of Cambodian ‘blood sugar’ reparations process a crucial step towards justice
Inclusive Development International welcomes the commencement of a joint EU-Cambodia process to assess displacement claims pertaining to sugarcane plantations in Cambodia. This development represents a pivotal step towards justice for thousands of Cambodian people who have suffered enormously at the hands of the sugar industry. The European Commission has announced a tender for the procurement of independent […]
World Bank turns Its back on rights protections for the poor, global civil society response gathers momentum
(New York, London, New Delhi) – Civil society organisations around the world are decrying a leaked draft of the World Bank’s proposed new policies to avoid harmful impacts from the development projects that it finances. Despite earlier commitments by Bank President Jim Yong Kim that the policies would not be diluted and that safeguards on […]
ABC Special Report: ANZ faces accusations it financed business that forced villagers from land
One of Australia’s big banks is facing scrutiny it financed a Cambodian sugar business responsible for forcing almost 500 families off their land, as the conduct of Australia’s ‘big four’ in developing countries is analysed. Click here to watch the special report.
Dropping Phnom Penh Sugar without compensating its victims will not relieve ANZ’s responsibility
Equitable Cambodia and Inclusive Development International call upon ANZ to right the wrongs it has done by financing the Phnom Penh Sugar plantation and not just jump ship. In response to revelations last week that ANZ had bankrolled the high-profile land grab in Cambodia, ANZ made the following statement: “Where we have found that a […]
ANZ bankrolls massive land grab in Cambodia
(Phnom Penh) –Two confidential social and environmental audits leaked to the Clean Sugar Campaign indicate that ANZ Royal Bank provided significant financing for a sugar plantation and refinery owned by the notorious Cambodian senator and tycoon Ly Yong Phat. ANZ confirmed its financing of the Phnom Penh Sugar Company in a meeting with campaign and […]
Child Labor on Cambodian sugar plantations is well-documented: A joint statement in response to Tate & Lyle’s threats and denials
The Guardian newspaper recently ran a damning expose of child labor on the KSL Group sugar plantations in Cambodia that supply the sugar giant Tate & Lyle Sugars. Rather than acting quickly to address the abuses, the companies seem to have resorted to a strategy of denial and legal bullying in an attempt to defend […]