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”.
Commonly, it’s thought that developing countries bear a large portion of the blame for climate change. This study shows that the biggest climate offenders are in fact the richest countries in the world, while low and middle income countries suffer from the effects.
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.
This update prepared by the Bank Information Center introduces the FCPF Readiness Package (R-Package) and the Carbon Fund (CF) operational.
The Sierra Club and Bank Information Center are releasing a new report today describing the daily realities of coal impacted communities from Cirebon, Indonesia, the Konkan coast and Kutch India, Inner Mongolia China, Appalachia USA, New South Wales Australia, and Limpopo South Africa.
The workshop Oslo REDD Exchange 2011 was organized by Norway’s International Climate and Forest Initiative (NICFI) and the Norwegian Agency for Development Cooperation (Norad), on 23-24 June 2011.
Complaint Raises Serious Concerns with the Project Funded by IFC’s Financial Intermediary.
BIC South Asia here summarized the report “Social protection for a changing India,” first commissioned in 2004 and recently released.
IFC’s funding of Tata Ultra Mega powerplant in India will be under probe following the eligibility finding of a complaint lodged by fishing villagers.
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.