The IFC responds to the CAO’s critical report on the Marlin mine in Guatemala

4 November 2005

Affected communities ask to meet with World Bank President Paul Wolfowitz.

The CAO’s September 2005 Assessment of the Marlin mine was highly critical of the Guatemalan government, the company, Glamis Gold and especially of the IFC. Stung by internal criticism and bad press, IFC Director of Oil Gas Mining & Chemicals Rashad Kaldany, responded to the Assessment in an office memorandum dated October 14th in which he claimed the IFC was already implementing the CAO’s recommendations. A careful look at what the IFC has actually done reveals a less optimistic picture. The Bank Information Center has prepared an analysis and review of this memorandum, which is available below:

• IFC CAO Response Analysis Bank Information Center (Acrobat pdf 134 KB)
  
• Read BIC’s Executive Director’s Response to Recent New York Times Expose on Mining Bank Information Center website