International Finance Corporation, the World Bank’s private sector arm, comes under fire over its handling of allegations that teachers abused children at schools in Kenya.
The International Finance Corporation turned a blind eye to allegations of child sex abuse in one of its education projects for years, according to a damning report by its own watchdog.
FOR SHANNON MAY and her husband Jay Kimmelman, the conference call scheduled with the World Bank on September 12, 2020, was make or break. It had been just over 10 years since the Harvard graduates had launched Bridge International Academies, a chain of for-profit schools that had exploded in Africa and South Asia.
A coalition of green groups have filed a formal complaint against the IFC, which has a stake in Hana Bank – one of the financiers of the Suralaya coal-fired power complex.
Residents of Cilegon, Banten province, have accused the World Bank Group of indirectly financing a project to expand a massive coal-fired power plant (PLTU) in Suralaya village, arguing the expanded plant would negatively affect their health and livelihood, environmental groups said on Thursday.
Residents and green NGOs have accused the World Bank of indirectly financing two new coal-fired power plants on Indonesia’s most populous island despite promises to shift to low-carbon funding, according to a complaint filed Thursday.
They say the two new units could cause thousands of premature deaths and are arguably unnecessary in the oversupplied local grid. However, the bank’s lending arm clarifies that it does not have the ability to stop the project’s development.
Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.
