AngloGold Ashanti agrees to financial settlement with “Area One” community displaced by its Guinea mine
More than 360 families who were forcibly relocated to make way for the expansion of AngloGold Ashanti’s mine in Siguiri, Guinea will be compensated by the company. The agreement concludes a six-year mediation process facilitated by the World Bank Group’s Compliance Advisor Ombudsman.
German government calls on Heidelberg Materials to disclose environmental and social risk assessment for Indonesia mine
Germany’s OECD National Contact Point for Responsible Business Conduct has issued a statement responding to complaints over Heidelberg Materials’ controversial plans to construct a cement mine and factory in Central Java.
Loopholes allow multilateral development banks to fund captive coal in Indonesia: Report
Joint Civil Society Statement Ahead of IFC Remedy and Responsible Exit Framework Decision
WASHINGTON, July 16, 2024–Tomorrow, the Committee on Development Effectiveness (CODE) of the World Bank Board of Executive Directors will discuss the IFC’s draft Remedy and Responsible Exit Framework, which is intended to outline how the institution will deliver remedy to communities harmed by projects it finances. This would be the first policy to focus specifically on […]
Ombudsman to investigate World Bank Group ties to toxic Indonesia coal project
(Banten Province, Indonesia – July 11, 2024) The International Finance Corporation’s internal watchdog, the Compliance Advisor Ombudsman (CAO), announced that it is launching an investigation into the institution’s investments in a commercial bank that is financing construction of two new coal-fired power plants at Indonesia’s Suralaya Power Station. The investigation comes in response to a […]
World Bank Financing Arm Rejects Calls to Directly Compensate Victims of Harm at Kenya Schools
Joint Statement on World Bank Probe into Alleged Bridge Academies Child Sexual Abuse Cover-up
On May 16, 2024 the World Bank announced that it is hiring an outside firm to “explore the circumstances surrounding the Compliance Advisor Ombudsman’s (CAO) investigation of IFC’s investment in Bridge International Academies.” We commend the World Bank’s Board for taking the lead on this issue. Together with U.S. lawmakers and other stakeholders, civil society […]
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 […]