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 …
Egyptian rights groups, community members, and laborers impacted by a hazardous cement plant financed by the International Finance Corporation (IFC) filed a complaint on April 8, 2015 with the body’s independent grievance mechanism. The grievance mechanism, called the Compliance Advisor Ombudsman, or CAO, has now deemed the complaint eligible to move through the grievance process. …
A new report, “The Suffering of Others” finds the International Finance Corporation has little accountability for billions of dollars’ worth of investments into banks, hedge funds and other financial intermediaries, resulting in projects that are causing human rights abuses around the world.
Forty international and Honduran CSOs have signed a statement condemning the response of the International Finance Corporation (IFC) to the highly critical findings of the Compliance Adviser/Ombudsman (CAO) regarding the IFC’s investment in Corporación Dinant in Honduras, which has been associated with extensive human rights abuses, including the killing, kidnapping and forced eviction of farmers. …
On November 13, 2013, nine civil society organizations from Mongolia, Europe, US and Australia submitted their initial review of the Oyu Tolgoi (OT) project’s Operational Management Plans (OMPs) to the World Bank Group Board of Executive Directors in anticipation of the Board’s November 19th technical briefing. The Oyu Tolgoi copper/gold mine in the South Gobi …
Soumya Dutta outside the World Bank headquarters, August 2013 BIC highlights the work of Soumya Dutta in the campaign against Tata Mundra. Soumya Dutta is the National Convener of the Indian people’s science group Bharat Jan Vigyan Jatha and the Convener of the Climate and Energy Group in the Beyond Copenhagen collective in India, a network …
Photograph of Oyu Tolgoi mining complex courtesy of Oyu Tolgoi Watch. Press release originally published by CEE Bankwatch. Ulaanbaatar, 04 July 2013 A group of Mongolian herders submitted today an official complaint to the Project Complaints Mechanism of the European Bank for Reconstruction and Development (EBRD), hoping to initiate a process of evaluation of the …
The Board of Directors of both the European Bank for Reconstruction and Development (EBRD) and the World Bank Group (WBG) have approved funding for the Oyu Tolgoi (OT) copper/gold mine in Khanbogd, Mongolia last week, despite local and global resistance to the project.
This update prepared by the Bank Information Center introduces the FCPF Readiness Package (R-Package) and the Carbon Fund (CF) operational.
The Sierra Club and Bank Information Center are releasing a new report today describing the daily realities of coal impacted communities from Cirebon, Indonesia, the Konkan coast and Kutch India, Inner Mongolia China, Appalachia USA, New South Wales Australia, and Limpopo South Africa.