Billions in “Out of Control” IFC Investments Into Third-Parties Causing Human Rights Abuses Around the World
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.
Does the World Bank Know the True Value of Safeguards?
The perceived high costs of World Bank safeguards are often touted as the motive for simplification of the policies. The evidence at the World Bank behind the claims of excessive safeguard costs is surprisingly flimsy. Photo: Ⓒ Joe Athialy
Persistent Decline in World Bank Lending Quality Leaves Results in Doubt
Over one third of Bank approved projects are not delivering effective development outcomes. President Kim's Corporate Strategy is designed to restore the World Bank's financial relevance, yet despite past efforts to deliver the highest quality results, accountability for ensuring higher value for money has faltered.
Photo: Julien Harnels CC BY-SA 2.0
World Bank Program-For-Results in Practice: A Case Study in Vietnam
BIC's case study of the World Bank's Rural Water Supply and Sanitation program in Vietnam highlights both the early promise and the peril of Results-based lending.
Civil Society Reacts to the World Bank Safeguards Draft
See our roundup of media coverage, press releases, civil society statements, letters to the World Bank and more.
Image: Weasel Words in the World Bank Safeguards Draft (Urgewald)
Press Release: World Bank Breaks its Promise Not to Weaken Protections for the Poor and Planet
Over widespread objections from civil society, the World Bank’s board of directors gave a green light to a weak new set of environmental and social safeguard policies.
Photo: Simone D. McCourtie / World Bank (CC BY-NC-ND 2.0)
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Updates on the World Bank’s Country Partnership Frameworks in Egypt, Tunisia, and Yemen
The Bank has commenced with the process of Country Partnership Frameworks in a number of MENA countries. Each country has taken a different path than originally expected….
13 Civil Society Organizations in Tunisia Submit Asks to the World Bank Regarding the Country Partnership Framework
First and foremost, the organizations are asking that clear information be posted on the Bank’s website regarding the CPF timeline. As it stands, there is no information about the CPF process in Tunisia either on the Ban…
Affected Groups File Complaint Against IFC-Financed Cement Plant in Egypt
Egyptian rights groups, community members, and laborers impacted by a hazardous cement plant financed by the International Finance Corporation (IFC) filed a complaint on April 8, 2015 with the body’s independent grievanc…