New report reveals the World Bank’s murky financial entanglements with India’s most irresponsible corporations
The World Bank Group is covertly funding some of India’s largest and most reckless corporations, according to the results of an ongoing investigation by Inclusive Development International.
More Evictees May Have Recourse Through IFC – The Cambodia Daily
Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the […]READ FULL ARTICLE ▶ Photo: Villagers in Stung Treng province gather in March last year ahead of a ceremony to curse the officials and businessmen behind the Lower […]
World Bank secretly funding coal explosion in Asia despite President Kim warning, “We are finished”
The World Bank Group has secretly funded a coal boom in Asia despite announcing a moratorium on such projects in 2013, according to the results of a new investigation.
Major Breakthrough in Mediation Between Hoang Anh Gia Lai Company and Fourteen Indigenous Villages
(Siem Reap) – A major breakthrough was reached in the mediation between fourteen Cambodian indigenous communities and the Vietnamese rubber firm Hoang Anh Gia Lai (HAGL), during meetings held this week in Siem Reap, Cambodia. On 15-19 September 2015, community representatives of fourteen indigenous villages affected by HAGL’s land concessions in Ratanakiri province, company representatives of HAGL and its subsidiaries, and the communities’ advisors, including Inclusive […]
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 […]
World Bank’s Lending Arm Linked to Deadly Honduras Conflict
(Kate Woodsome, www.huffintonpost.com, January, 10 2014) – The World Bank’s private lending arm failed to apply its own ethical standards in disbursing millions of dollars to a palm oil company accused of turning a region of Honduras into a war zone, according to an internal bank investigation. The audit, released Friday by the World Bank’s Office of […]
Response Letter to World Bank President Jim Kim Regarding IFC Investment in the Financial Sector
This letter was written to respond to a World Bank reply on April 18 to a March civil society letter regarding the audit of the International Finance Corporation’s lending to the financial sector. IDI, along with the over 50 groups that signed on to the letter, believe that the IFC’s response is inadequate and […]