Out of control: The World Bank’s reckless private sector investments in Southeast Asia exposed (March 17, 2017) – Dozens of harmful and high-risk projects in Southeast Asia have received hidden funding from the World Bank Group, an ongoing investigation by Inclusive Development International has revealed. The International Finance Corporation (IFC), the World Bank’s private-sector …
Clearing for a coal mine, Central Kalimantan forest Credit: Andrew Taylor/WDM, taken on June 8, 2013 Licensed under:https://creativecommons.org/licenses/by/2.0/ PRESS RELEASE: World Bank introducing new fossil fuel subsidies, undermining its own climate change commitments and forest protection efforts New analysis of Bank’s $5-billion-dollar policy loans shows lender supporting investment incentives for coal and other fossil fuel …
The World Bank Group is covertly funding some of India’s largest and most reckless corporations, according to the results of an ongoing investigation by Inclusive Development International. The World Bank’s private-sector arm, the IFC, is bankrolling these companies through its support for six Indian commercial banks. The end users of IFC funds in India are …
SECURING TENURE RIGHTS TO PROTECT FORESTS AND COMBAT CLIMATE CHANGE: EXPLORING THE ROLE OF DEVELOPMENT FINANCE Hosted by Bank Information Center, Oxfam International, Rights and Resources Initiative and Forest Peoples Programme Objectives Held on October 11, 2016, this event represented a unique opportunity for participants to come together and strategize around the role of development …
This session at the World Bank Annual General Meetings 2016 Civil Society Policy Forum examines development policy financing (DPF) as a tool for scaling-up positive environmental and social impact amidst the global climate crisis. It features case study findings from recent operations that represent challenges to the achievement of World Bank climate and forest commitments …
This World Bank Annual Meetings 2016 Civil Society Policy Forum session addressed how the World Bank Group can ensure that its financial intermediary (FI) investments are consistent with its forest and climate commitments. New research by Inclusive Development International on the impacts of IFC FI investments on forests, land rights, and climate was presented. A …
Photo © Joe Athialy (Washington DC, October 3, 2016) – The World Bank Group has secretly funded a coal boom in Asia despite announcing a moratorium on such projects in 2013, according to the results of a new investigation. World Bank President Jim Yong Kim has spoken forcefully about the dangers of new coal projects. …
On June 29, 2016, BIC co-organized a panel session with the Natural Resource Governance Institute (NRGI) on the ongoing governance challenges in Myanmar’s extractives industries sector and reform options that can contribute to sustainable, inclusive development in the country. The panel event, titled “How Can Myanmar Avoid the Resource Curse?” was hosted by the Carnegie …
As World Bank member governments gather in Myanmar to discuss their contributions to the International Development Association, the Bank’s fund for the poorest countries, the Bank Information Center is calling on donors to make the adoption of stronger safeguard policies a key objective in the replenishment negotiations. In support of this call, BIC has released …
International development finance is intended to alleviate poverty by sparking inclusive growth. But without strong protections for local communities, it can exclude and disenfranchise instead. World Bank development projects like dams, roads, and power plants can cause devastating harm to people and the planet. Too many have suffered displacement, loss of livelihoods, pollution, destruction of …