World Bank Funded Land Allocation for Social and Economic Development (LASED) Project in Cambodia On Tuesday, finance ministers from around the world concluded the third negotiation for the 18th replenishment of the International Development Association (IDA), the World Bank’s fund for the poorest countries. While IDA should be focusing its investments in areas and sectors …
At the 2016 World Bank Annual Meetings, the Offices of the Executive Directors – EDS 01 and EDS14 won the “Open for Business” award for the most transparent website among the 25 World Bank Executive Directors’ offices. Mr. Matt McGuire, Executive Director for the United States, and Mr. Louis Rene Peter Laros, Executive Director for Botswana, …
The Annual General Meetings (AGM)* of the World Bank and IMF do not just serve as an opportunity for central bankers, finance ministers, and private sector executives to discuss the global economy and tout their accomplishments over the last year. The Bank and Fund host dozens of events to discuss global development issues with development …
Photo © Joe Athialy (Washington DC, October 3, 2016) – The World Bank Group has secretly funded a coal boom in Asia despite announcing a moratorium on such projects in 2013, according to the results of a new investigation. World Bank President Jim Yong Kim has spoken forcefully about the dangers of new coal projects. …
Please join BIC for a panel discussion on: Citizen Engagement with the World Bank Wednesday, October 5 I2-220 9:00 -10:30am The success of development finance is largely dependent on citizen engagement, as policy makers and practitioners increasingly recognize. The World Bank plays a key role in advancing this agenda. The Bank has made a variety …
In the aftermath of the revolution and the new constitution in Tunisia, the Government has made strong commitments to make their vision of a participatory decentralized democratic state a reality. Development agencies such as the World Bank have stepped up to support this transition by financing the Urban Development and Local Governance Program, a $300 …
By Debbie Pierce, Forest Associate The World Bank introduced its first safeguard policies over thirty years ago, in response to outrage over harmful impacts of its development projects, including widespread forest destruction and eviction of indigenous peoples. The safeguards were designed to ensure that these impacts would be assessed before the project was implemented, and …
On June 29, 2016, BIC co-organized a panel session with the Natural Resource Governance Institute (NRGI) on the ongoing governance challenges in Myanmar’s extractives industries sector and reform options that can contribute to sustainable, inclusive development in the country. The panel event, titled “How Can Myanmar Avoid the Resource Curse?” was hosted by the Carnegie …
In light of “multiple failures” by the World Bank in monitoring and supervising the Uganda Transport Sector Development Project, the World Bank Group announced today that they will create a “Global Gender-Based Violence Task Force to advise the institution on best practices for reducing risks to community safety in connection with our development projects.” This …
Wadi Al Qamar near Alexandria, Egypt. Photo: © http://bit.ly/2aHaT3J In April 2015, the Compliance Advisor/Ombudsman – the International Finance Corporation (IFC)’s independent accountability mechanism – received a complaint from Egyptians living in Wadi al-Qamar, concerning the IFC-financed Titan cement plant and its incompatibility with IFC’s environmental and social requirements, including its violation of Egyptian national …