An Indian civil society group responds to an invitation from Country Director Roberto Zagha to attend a consultation workshop on the proposed Country Partnership Strategy with an open letter decrying past World Bank actions.
The Association for the Struggle for Fishworkers’ Rights calls out their Ombudsman for an assessment report that fails to take their social and environmental concerns into account.
India has been declared the largest country of operation of the IFC (the private investing arm of the World Bank), with a total USD 3.6 billion in financing, spanning 248 projects. Both IFC and World Bank apparently take pride in these projects being “environmentally sustainable”.
The National Fishworkers Forum (NFF) co-organised a roundtable discussion on the need for more parliamentary accountability and scrutiny of International Financial Institutions such as the World Bank and Asian Development Bank.
Complaint Raises Serious Concerns with the Project Funded by IFC’s Financial Intermediary.
In a new interview, BIC partner Srinivas Krishnaswami takes a close look at the World Bank’s funding of energy projects in India, and finds that very little of the increased capacity the Bank has funded has gone to helping the poor. He then discusses other paths for India’s future.
Three weeks after receiving a complaint about the coal-based energy project, the IFC has agreed the case is eligible for inspection. The financial intermediary project raised several social and environmental issues.