World Bank projects and policies affect the lives and livelihoods of billions of people worldwide. If done right, this can be for the better, but decades of experience tell us that this is not always the case. The Bank has set itself two goals to be achieved by 2030 – to end extreme poverty and …
The House Financial Services Committee passed the World Bank Accountability Act of 2017 today, authorizing U.S. participation in IDA, the World Bank’s fund for the poorest countries. The bill funds IDA at the level recently requested by the Trump administration, but conditions that funding on whether the Bank adopts certain reforms, which the bill’s sponsor, …
In April 2017, the AIIB requested public input in the development of a proposed Complaints Handling Mechanism (CHM), which the AIIB aims to put in place by the end of 2017. In response, a coalition of ten civil society organizations and networks, including BIC, submitted recommendations based on the best practice from independent accountability mechanisms …