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 …
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 …
Forbes Asia recently published an article, entitled “Doing Big Business in Modi’s Gujarat“, that exposes the political context and the influence of Big Business interests in the development of the Tata Mundra Coal Plant. The project has faced growing opposition by fishing companies over the national and World Bank policy violations, which were confirmed in …
The World Bank’s Mumbai Urban Transport Project (MUTP) is the subject of this case study prepared by BIC in partnership with Indian researcher, Simpreet Singh. The study looks into the impacts of MUTP on children in the surrounding communities that were displaced by the project. Singh’s research was also the subject of two articles recently …
An article published this week in The Hindu as well as one published November 7 in The Times of India featured BIC researcher Simpreet Singh and his recent study on the Mumbai Urban Transport Project (MUTP). While the Bank touts achievements of the MUTP project—including reducing congestion on city streets and improving travel time for …
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 …
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 …
July and August press coverage and developments on the World Bank-financed Tata Mundra Ultra Mega Power Project in Gujarat, India
Tata Mundra under investigation — if social and environmental policy violations are confirmed, project could face serious repercussions
The Panel, which recently published its fact finding mission report, also urges the IFC and the ADB for an immediate financing suspension and full audit of the Tata Mundra coal power plant.