Phulbari Coal Project | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/phulbari Problem Project Phulbari Coal Project BIC is no longer actively working on this project. Overview Concerns Updates Resources Contacts RSS Press Release \| 21 August 2008 Global civil society calls for private banks to withdraw support from Bangladesh coal mine Over 100 civil society groups from 31 countries are calling on financial backers to withdraw their support from the the controversial Phulbari Coal Project in Bangladesh. The project will displace over 200,000 people, impoverish farming households and cause immense environmental impacts in one of the most fertile regions of Bangladesh. Despite these factors, according to information available on its website, the Asian Development Bank (ADB) remains interested in financing the project after having distanced itself from it earlier this year. Read more Press Release \| 4 April 2008 ADB pulls out of controversial coal project in Bangladesh The Director of the Asian Development Bank’s Private Sector Operations Department, Robert Bestani, notified the Bank’s Board of Directors last week that it will take the Phulbari Coal Project in Bangladesh out of the Bank’s funding pipeline. Read more Update \| 17 January 2008 Phulbari resistance documentary Phulbari resistance groups produce first documentary video. Read more Press Release \| 15 January 2008 ADB faces boycott of its "safeguards" policy consultations Civil society groups from South Asia are planning to boycott the Asian Development Bank's consultation meeting on its safeguards policy update, to be held in New Delhi, India tomorrow. The groups, from India, Nepal, Sri Lanka and Bangladesh state that the ADB's consultation draft, released in October 2007, greatly dilutes the Bank's earlier policies on Environment (2002), Involuntary Resettlement (1995) and Indigenous Peoples (1998), and is opposed to indigenous peoples’ rights and subverts environmental considerations. Read more Update \| 14 January 2008 NGOs call on ADB to abandon controversial coal project in Bangladesh Citing violations of five of the Asian Development Bank's (ADB) own policies, non-governmental organizations from around the world have petitioned the ADB to discontinue its pre-appraisal of the Phulbari Coal Project and remove it from the funding pipeline. Read more Print this page Email this page

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