World Bank condemned by watchdog for helping finance Philippines coal boom
Watchdog Slams World Bank Group for Helping Bankroll Philippines Coal Boom
MANILA, Philippines – The World Bank Group’s private lending arm, the International Finance Corporation (IFC), violated its own environmental and social protection policies as it helped bankroll a disastrous coal boom in the Philippines, according to an independent investigation made public today. In its report, the IFC’s internal watchdog, the Compliance Advisor Ombudsman (CAO), calls […]
Pengawas Bank Dunia akan meninjau proyek tambang Dairi Prima Mineral yang berisiko di Sumatra Utara
(Medan, Indonesia) Kantor akuntabilitas independen International Finance Corporation (IFC), yang merupakan anggota Grup Bank Dunia, akan menilai kepatuhan bank terhadap kebijakan lingkungan dan sosialnya sehubungan dengan keterkaitannya dengan proyek pertambangan kontroversial di Sumatra Utara, Indonesia, menurut laporan terbaru dari Penasihat Kepatuhan Ombudsman. Tambang seng dan timah usulan Dairi Prima Mineral, yang terletak di salah satu […]
World Bank watchdog to review risky Dairi Prima Mineral mine project in North Sumatra
(Medan, Indonesia) The independent accountability office of the International Finance Corporation (IFC), a World Bank Group member, will assess the bank’s compliance with its environmental and social policies in connection with its ties to a controversial mining project in North Sumatra, Indonesia, according to a new report from the Compliance Advisor Ombudsman. The proposed Dairi […]
How a Laos dam collapse exposes flaws in ESG investments
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 […]
Victims of Liberian gold mine disaster see groundbreaking complaint against development banks accepted
In a precedent-setting case, more than 10,000 people harmed by the New Liberty Gold Mine in Liberia have had a complaint accepted against the German and French national development banks – DEG and Proparco – for their links to the project. Community leaders say the mining company has taken their homes and farms, polluted their […]
Indonesia: The fight to #SaveKendeng
