IFC Response to Child Sexual Abuse Investigation Fails Survivors; Evades Responsibility
Today the World Bank released a scandalous internal investigation of child sexual abuse allegations at private schools funded by its private sector arm, the International Finance Corporation (IFC). Although World Bank President Ajay Banga has expressed contrition, the IFC’s official management response fails to offer meaningful remedy to the survivors of abuse that it turned […]
Demanding Accountability: Response to Reports of a Child Sexual Abuse Cover Up at the World Bank
*This statement was sent to World Bank president Ajay Banga and its board of directors. We received a response from IFC head Makhtar Diop, which is available here. Our response to that letter is available is here. The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International […]
Janji Palsu, Bank Dunia Masih Mendukung Puluhan Proyek Batubara Baru
International Finance Corporation (IFC), lembaga pinjaman swasta dari Grup Bank Dunia,secara tidak langsung mendukung puluhan proyek batubara baru di seluruh Asia, demikianmenurut sebuah laporan baru, Klaim Kosong: Bagaimana Pendanaan Batubara Menembus CelahHukum Paris Alignment oleh IFC. Laporan yang didasarkan pada penelitian yang dilakukan olehInclusive Development International, Recourse, dan Trend Asia, diterbitkan hari ini sebelumPertemuan Tahunan […]
World Bank is backing dozens of new coal projects, despite climate pledges
The International Finance Corporation (IFC), the private lending arm of the World Bank Group, is indirectly backing dozens of new coal projects throughout Asia, according to a new report, Blowing Smoke: How Coal Finance is Flowing through the IFC’s Paris Alignment Loopholes. The report, based on research conducted by Inclusive Development International, Recourse and Trend […]
Limbah Beracun dari PLTU Ancam Kesehatan dan Lingkungan, Masyarakat Banten Kecam Bank Dunia Karena Dukung Proyek Batu Bara Jawa 9-10
Limbah Beracun dari PLTU Ancam Kesehatan dan Lingkungan, Masyarakat Banten Kecam Bank Dunia Karena Dukung Proyek Batu Bara Jawa 9-10 Banten, 14 September 2023 – Masyarakat Banten secara resmi telah mengajukan pengaduan terhadap Grup Bank Dunia yang secara tidak langsung mendukung pembangunan dua pembangkit listrik tenaga uap (PLTU) batu bara Jawa 9 dan 10 ke […]
World Bank under fire for backing toxic and unnecessary Java 9 & 10 coal project in Indonesia
Photo by Farddi Bonco, Trend Asia To read this release in Bahasa Indonesia, click here. (Banten Province, Indonesia – September 14, 2023) Communities in Indonesia’s Banten Province have lodged a complaint against the World Bank Group for indirectly backing the development of two massive new coal-fired power plants, which expand an existing complex of eight […]
Joint letter to incoming World Bank President
Inclusive Development International joined 16 other organizations to send a letter to the new President of the World Bank Group, Mr. Ajay Banga, expressing concern that the institution is moving ahead with its Evolution Roadmap and plans to scale up lending to address the global climate and other crises without adequate safeguards in place. We […]
Our comments on IFC/MIGA’s proposed ‘Approach to Remedial Action’
Inclusive Development International submitted comments urging the World Bank Group members to substantially strengthen their proposed ‘Approach to Remedial Action’ for communities harmed by their investments, in line with international human rights standards. In February 2023, the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group published their draft […]
Joint CSO Statement Calls on IFC and MIGA to Strengthen its New Approach to Remedial Action Policy
Inclusive Development International joins an alliance of civil society organizations to assert that a newly released proposal on remedial action by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) falls short of expectations and fails to provide a comprehensive plan for delivering remedy to affected communities. If IFC and MIGA cannot […]
World Bank client backs out of EACOP after risk assessment
Britam Holdings, a leading East African insurance group and client of the World Bank’s International Finance Corporation (IFC), has decided not to participate in underwriting the planned East African Crude Oil Pipeline (EACOP) after conducting a review of the environmental and social risks involved. This is a major blow to project developers, including TotalEnergies and […]