In response to the harm caused by the World Bank funded Uganda Transport Sector Development Project (UTSDP), including the sexual exploitation of teenage girls, BIC has conducted advocacy to encourage that the Bank takes steps to provide redress to the community and to prevent such harm from occurring in future projects. BIC has worked with …
Via Electronic Mail Mr. Philippe Le Houérou Executive Vice President and Chief Executive Officer, International Finance Corporation 2121 Pennsylvania Avenue, NW Washington, D.C. 20433 cc: Dr. Jim Yong Kim, President, World Bank Group Dear Mr. Le Houérou, Thank you for your letter of November 4th, addressing the significant concerns raised by Inclusive Development International …
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 …
by Nezir Sinani, Europe and Central Asia Manager The World Bank Group has secretly funded a coal boom in Asia despite announcing a conditional moratorium on such projects in 2013. Earlier this year, World Bank President Jim Yong Kim said, “If Asia implements the coal-based plans right now, I think we are finished.” Yet the …
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. …
In December 2015, the World Bank Board of Executive Directors endorsed a new Country Partnership Framework (CPF) for Egypt. The CPF is a collaborative strategy between the World Bank Group (WBG) and the client government which defines the development priorities on which the WBG will build and mobilize their support to Egypt for the period …
Linked below is a list of projects that the World Bank Group is financing or proposing to finance in Iraq as of April 28, 2016. The projects are funded by either the International Bank for Reconstruction and Development (IBRD), the part of the World Bank Group that makes loans to the public sector in Middle …
Press statement from Earth Rights International: Plaintiffs plan to appeal decision that IFC has “absolute immunity” A federal district court in Washington, D.C., ruled last week that the International Finance Corporation (IFC), the private lending arm of the World Bank Group, has absolute immunity and thus cannot be sued in the United States. Fishing communities …
FOR IMMEDIATE RELEASE: Water Disputes Persist as Rio Tinto Pushes Ahead with Second Oyu Tolgoi Mine (PRAGUE; KHANBOGD SOUM, MONGOLIA, February 10, 2016) – A large new copper mine in Mongolia could cause irreversible damage to terrain and deprive water from some of the world’s last remaining nomadic herding groups, finds a new report released today …
[Postal Savings Bank of China / Financial Times] BIC Executive Director Chad Dobson was quoted in a Financial Times article by Shawn Donnan about the Postal Savings Bank of China and the IFC, which has “become emblematic of the often subtle ways in which Beijing and Washington battle for influence behind closed doors at the …