External Investigation Into Alleged IFC Cover-Up Must Be Robust and Transparent
On March 13, 2024, World Bank Group (WBG) President Ajay Banga announced an external investigation of allegations of interference in the IFC Compliance Advisor Ombudsman (CAO) process as relates to IFC’s investments in Bridge International Academies. We welcome President Banga’s announcement. It represents a positive, albeit belated, response to a call made by 35 international […]
IFC Response to Child Sexual Abuse Investigation Fails Survivors; Evades Responsibility
Today the World Bank released a scandalous internal investigation of child sexual abuse allegations at private schools funded by its private sector arm, the International Finance Corporation (IFC). Although World Bank President Ajay Banga has expressed contrition, the IFC’s official management response fails to offer meaningful remedy to the survivors of abuse that it turned […]
IFC’s Response to Sexual Abuse Scandal Does Not Provide Remedy to Bridge Survivors; Executive Directors Should Reject It
On this International Women’s Day, the International Finance Corporation (IFC) is asking its Executive Directors to endorse an inadequate and flawed Management Action Plan (MAP) in response to the Compliance Advisor Ombudsman’s (CAO) investigation of child sexual abuse at Bridge International schools in Kenya. Executive Directors should reject the proposed MAP. The facts are clear. […]
Demanding Accountability: Response to Reports of a Child Sexual Abuse Cover Up at the World Bank
*This statement was sent to World Bank president Ajay Banga and its board of directors. We received a response from IFC head Makhtar Diop, which is available here. Our response to that letter is available is here. The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International […]
Janji Palsu, Bank Dunia Masih Mendukung Puluhan Proyek Batubara Baru
International Finance Corporation (IFC), lembaga pinjaman swasta dari Grup Bank Dunia,secara tidak langsung mendukung puluhan proyek batubara baru di seluruh Asia, demikianmenurut sebuah laporan baru, Klaim Kosong: Bagaimana Pendanaan Batubara Menembus CelahHukum Paris Alignment oleh IFC. Laporan yang didasarkan pada penelitian yang dilakukan olehInclusive Development International, Recourse, dan Trend Asia, diterbitkan hari ini sebelumPertemuan Tahunan […]
World Bank is backing dozens of new coal projects, despite climate pledges
The International Finance Corporation (IFC), the private lending arm of the World Bank Group, is indirectly backing dozens of new coal projects throughout Asia, according to a new report, Blowing Smoke: How Coal Finance is Flowing through the IFC’s Paris Alignment Loopholes. The report, based on research conducted by Inclusive Development International, Recourse and Trend […]
Limbah Beracun dari PLTU Ancam Kesehatan dan Lingkungan, Masyarakat Banten Kecam Bank Dunia Karena Dukung Proyek Batu Bara Jawa 9-10
Limbah Beracun dari PLTU Ancam Kesehatan dan Lingkungan, Masyarakat Banten Kecam Bank Dunia Karena Dukung Proyek Batu Bara Jawa 9-10 Banten, 14 September 2023 – Masyarakat Banten secara resmi telah mengajukan pengaduan terhadap Grup Bank Dunia yang secara tidak langsung mendukung pembangunan dua pembangkit listrik tenaga uap (PLTU) batu bara Jawa 9 dan 10 ke […]
World Bank under fire for backing toxic and unnecessary Java 9 & 10 coal project in Indonesia
Photo by Farddi Bonco, Trend Asia To read this release in Bahasa Indonesia, click here. (Banten Province, Indonesia – September 14, 2023) Communities in Indonesia’s Banten Province have lodged a complaint against the World Bank Group for indirectly backing the development of two massive new coal-fired power plants, which expand an existing complex of eight […]
Our comments on IFC/MIGA’s proposed ‘Approach to Remedial Action’
Inclusive Development International submitted comments urging the World Bank Group members to substantially strengthen their proposed ‘Approach to Remedial Action’ for communities harmed by their investments, in line with international human rights standards. In February 2023, the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group published their draft […]
Joint CSO Statement Calls on IFC and MIGA to Strengthen its New Approach to Remedial Action Policy
Inclusive Development International joins an alliance of civil society organizations to assert that a newly released proposal on remedial action by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) falls short of expectations and fails to provide a comprehensive plan for delivering remedy to affected communities. If IFC and MIGA cannot […]