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.
The World Bank’s action plan responding to an internal review on the bank’s resettlement practices does not address the serious failings the review found, 85 non-governmental organizations and independent experts from 37 countries said today in a letter to the World Bank president, Jim Yong Kim.
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.
This study provides some critical evidence on the risks of moving to greater use of frameworks and country or borrower systems without robust safeguards.
Photo: Simone D. McCourtie / World Bank (CC BY-NC-ND 2.0) (July 31, 2014) Over widespread objections from civil society, the World Bank’s board of directors gave a green light yesterday to a weak new set of rules to replace its existing environmental and social “safeguard” policies. The proposed policies appear to reverse a generation of …
Photo: © Kemal Jufri / Greenpeace A letter from over 30 civil society organizations, delivered on May 7th 2014, urges World Bank President Kim to include Development Policy Lending (DPL) in the ongoing Safeguard Policy Review and conduct a thorough assessment of DPL performance in avoiding or mitigating social and environmental risks. The World Bank Board Committee …
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 …
FOR IMMEDIATE RELEASE February 7, 2014 Civil society organizations (CSOs) from Egypt, Yemen, and Tunisia have submitted a document to their respective World Bank country offices with …
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 …
New Delhi, November 4 : Over a hundred prominent organisations expressed shock over World Bank President Dr. Jim Kim’s inaction on the audit report on Tata Mundra Power Project in Gujarat, condemned it and demanded International Finance Corporation’s (IFC) withdrawal from the project. “People’s movements and their allies in India are shocked that you have …