The AIIB approved $1.7 billion in financing for nine projects in 2016, but still does not have a mechanism to address concerns from people who are affected by those projects. In early February 2017, sixteen civil society organizations called on the AIIB’s Director-General for Compliance, Effectiveness, and Integrity to conduct a public consultation process on a …
The Bank Information Center advocates for social, ecological and economic justice by amplifying local voices and democratizing international development finance. As an organization which works to protect the fundamental human rights of marginalized populations, including refugees, we condemn in the strongest possible terms the discriminatory Executive Order signed by President Trump to ban nationals from …
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 …
January 11, 2017 The World Bank is in the process of drafting a new Country Partnership Framework to guide its work in Peru for the next four to six years. This framework is slated to be finalized by April 2017, and is meant to include feedback and comments from stakeholders. However, no draft of this …
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 …
As we prepare to celebrate Human Rights Day on December 10th, we stand with dozens of other civil society groups around the world that are calling on development finance institutions, governments, and businesses to Stand up for Human Rights in Development On the 10th of December, Human Rights Day will be observed in honor of …
Despite promises from World Bank President Jim Kim over two years ago to personally assist in addressing tensions over indigenous land rights in Kenya, approximately 1200 families of the Sengwer indigenous community were told by the Kenya Forest Service (KFS) on Dec. 1 they had just 7 days to leave their ancestral land in the …
REUTERS/Mark Schiefelbein/Pool The Centre for Law and Democracy (CLD) and the Bank Information Center (BIC) have jointly prepared Comments on the Public Information Interim Policy of the Asian Infrastructure Investment Bank (AIIB) in preparation for the first annual review of the Policy, due in January 2017. The analysis shows that the AIIB is lagging behind …
On November 22 the World Bank Board of Directors approved a Management Action Plan intended to address the Inspection Panel’s investigation of the Uganda Transport Sector Development Project (TSDP), which has been of long-term concern for BIC’s child rights program. Commitments in the Action Plan include strengthening the capacity of local governments in Uganda to …
While the recent election has cast a shadow of uncertainty over the future role of the United States in multilateral organizations such as the World Bank, it is worth reflecting on the progress that has been made at this institution and across the development finance landscape because of the leadership of the United States. The …