Last week, BIC and Oxfam co-hosted a high level panel alongside the World Bank/IMF Spring Meetings aimed at confronting one of the biggest changes in the power dynamics surrounding the World Bank since its founding: the rise of populism. “The World Bank in an Age of Populism” featured distinguished speakers—Caroline Anstey, Ray Offenheiser, Alex Their, …
The rise of populist movements in many of the World Bank’s member countries poses new challenges for a Bank that is accountable to its Board. This session will put this year’s Spring Meetings in the context of one of the biggest changes in the power dynamics surrounding the World Bank since its founding. Join us …
The Tarbela 5 hydropower extension project in Pakistan is one of the first investments made by the world’s newest multilateral bank – the Asian Infrastructure Investment Bank (AIIB). There will be much scrutiny of the AIIB’s investments in its first year: how will it differ from existing multilateral development banks? How will the AIIB handle …
After several months of negotiations, and the announcement of a record $75 billion replenishment for the World Bank’s fund for the poorest countries, the final IDA18 replenishment report was publicly released in late January, 2017. The agreement to fund the World Bank’s soft-loan window comes at an uncertain time for development aid in the …
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 …
March 2017 Elana Berger, BIC’s Social Inclusion and Accountability Manager, will testify before the Monetary Policy and Trade Subcommittee of the House Financial Services Committee this Wednesday at a hearing titled, “Examining Results and Accountability at the World Bank.” Elana’s testimony will focus on the Uganda Transport Sector Development Project (TSDP), which led to devastating …
The “skinny budget” released by the Trump administration yesterday proposed significant cuts to foreign assistance programs, including funding for the World Bank and other multilateral development banks (MDBs). While the budget indicates there is some support for continued U.S. participation in the MDBs, the result of the cuts will undoubtedly diminish the ability of the …
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 …
A global group of non-governmental organizations today called on the World Bank, European Investment Bank, Japan International Cooperation Agency, German Development Bank- KFW, French Agency for Development, and other international financial institutions involved with the Olkaria I, IV, and V geothermal projects in Kenya to take immediate action and demand that the project promoter, …
Lima, Peru. January 24, 2017 Summary On January 24th, 2017, Bank Information Center, Derechos Ambiente y Recursos Naturales (DAR) and AIDESEP (Interethnic Association of the Peruvian Amazon) presented a workshop titled “Reformas Globales y Alcances Nacionales” to an audience of approximately 50 participants from Peruvian civil society, including representatives from AIDESEP’s executive leadership and its …