New research today reveals that not one of the world’s main development banks is on track to help keep the world below 2 degrees warming. Instead, the banks – funded by tax-payers – continue to support fossil-fuel projects in developing countries. Worst performers include the World Bank’s private sector lending arms[1] which promote fossil fuels …
World Bank president urged to commit to Zero Deforestation declaration, speak out on deforestation at COP21 in Paris Conserving forests is one of the most important climate change mitigation solutions, and is essential to addressing the World Bank’s twin goals of eliminating extreme poverty and promoting shared prosperity. As many progressive governments and private sector …
PRESS RELEASE (October 5, 2015) The World Bank, with an overarching mission to end poverty, hosts its Annual Meetings this week in Peru. Given that the impacts of climate change disproportionately harm the poor, and that world leaders are set to make a global agreement on climate change this December, climate is at the top …
On September 30th, the Tom Lantos Human Rights Commission held a hearing at the United States Congress on international financial institutions (IFIs) and human rights, chaired by Congressman Jim McGovern. Witnesses included BIC’s Nezir Sinani from Kosovo, Milton Sanchez from Peru, and Obang Metho from Ethiopia, who testified on the human rights impacts of World …
BIC recently published two reports analyzing the impact of World Bank and IFC finance on forests and forest peoples around the world. These publications outline the findings of BIC’s review of World Bank Group public and private sector lending from the perspective of investments both within the forest sector, and in the primary sectors that …
Fishing communities and farmers from India filed suit against the International Finance Corporation (IFC) in federal court in Washington, D.C. The plaintiffs allege that the IFC caused the loss of their livelihoods, destroyed their lands and water, and created threats to their health by funding the Tata Mundra coal-fired power plant in Gujarat, India.
A Kosovo police officer inspects the damage caused by an explosion that rocked Kosovo’s main power plant, in Obilic, Kosovo, Friday, June 6, 2014 Photo: AP Photo/Visar Kryeziu via Climate Progress On Friday, Kosovo’s oldest lignite-based power plant exploded, killing two and injuring 13 people. The accident is the latest to occur in this country’s …
Tuesday, April 8, 2014 Contact: Nicole Ghio (nicole.ghio@sierraclub.org) 202-675-6270 Jelson Garcia (jgarcia@bicusa.org) and Bharat Patel (bharatp1977@gmail.com) , 202 802 2995 As the World Bank and IMF hold their Annual Spring Meetings this week, the General Secretary of Machimar Adhikar Sangharsh Sangathan (MASS – Association for the Struggle for Fishworkers’ Rights) Dr.Bharat Patel will deliver a …
Forbes Asia recently published an article, entitled “Doing Big Business in Modi’s Gujarat“, that exposes the political context and the influence of Big Business interests in the development of the Tata Mundra Coal Plant. The project has faced growing opposition by fishing companies over the national and World Bank policy violations, which were confirmed in …
Press Statement December 6, 2013 ‘Stand by the truth and lead from the front’: Religious leaders tell World Bank President Calling World Bank President Jim Kim’s inaction on a scathing report on Tata Mundra power project a “disappointment”, religious leaders wrote to him an open letter (full text appended), urging him to take “bold …