New Guide For Making Accountability Mechanisms More Effective

The Good Policy Paper: Guiding Practice from the Policies of Independent Accountability Mechanisms, published today, is a roadmap for financial institutions setting up new independent accountability mechanisms (IAMs), as well as a tool for existing IAMs to evaluate the effectiveness of their current policies. The Good Policy Paper examines the policy provisions currently in place […]

Over 200 civil society groups call for suspension of IFI loans to Myanmar following military coup

Inclusive Development International joined over 200 civil society organizations from Myanmar and globally in urging international financial institutions like the World Bank, International Finance Corporation and Asian Development Bank to immediately freeze loans and other financial assistance to Myanmar in light of the recent military coup.   The statement calls on the international financial institutions […]

Bowing to public pressure, Rizal becomes first bank in Philippines to exit coal

No Coal

Rizal Commercial Banking Corporation (RCBC) made the announcement after years of pressure from climate activists in the Philippines and  an investigation of the bank’s practices by one of its most prominent shareholders, the World Bank Group’s International Finance Corporation. “[N]o more coal. I’ll say that slowly: no more coal,” said the bank’s president and CEO, Eugene Acevedo, at […]

Joint Call for Greater Transparency and Consultation in the IFC/MIGA Accountability Review

(October 25, 2019) – Inclusive Development International and 74 global partners submitted a joint statement to the World Bank Group’s Board of Directors, expressing concerns about the lack of transparency and external stakeholder engagement in the accountability framework review of the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).

Five leading advocacy organizations withdraw planned hydropower session at World Bank Annual Meetings after the Bank refuses to participate

JOINT STATEMENT Every year at its Annual General Meetings, the World Bank hosts a “Civil Society Policy Forum” (CSPF) in order for the Bank to learn from and dialogue with civil society organizations. This year our organizations — the Center for International Environmental Law, Bank Information Center, International Rivers, Inclusive Development International and Green Alternative- […]

Not just dirty, but deadly: Can the World Bank clean up its fossil fuel problem?

Commentary: The World Bank’s International Finance Corporation has laid out a new proposed strategy to address concerns regarding the climate impacts of its $50 billion financial intermediary portfolio. It’s a step in the right direction. But given the urgency of the climate crisis, the world’s leading multilateral development institution should be doing more to hasten […]