http://www.bicusa.org/en/Issue.21.aspx The latest news on Accountability at the IFC & MIGA from the Bank Information Center 10 http://www.infodev.org/images/infodev.gif http://www.bicusa.org/en/Issue.21.aspx Beatrice Edwards of Government Accountability Project argues against the U.S recapitalization of the World Bank for 2012 in light of the Bank’s involvement in projects linked to corruption allegations. http://www.bicusa.org/en/Article.12425.aspx Wed, 27 Apr 2011 12:51:42 GMT http://www.bicusa.org/en/Article.12425.aspx BIC is happy to announce the publication of our new Executive Director advocacy toolkit. Built around our ED advocacy workshop held during the 2010 Annual Meetings, this guide provides strategies for civil society actors to engage and build relationships with the World Bank's Executive Directors. http://www.bicusa.org/en/Article.12314.aspx Fri, 17 Dec 2010 14:53:08 GMT http://www.bicusa.org/en/Article.12314.aspx The organizations found the June 25th consultation invalid due to the limited number of civil society representatives and overrepresentation of industry. They used the letter to put forward their recommendations for the review of IFC's policies on social and environmental sustainability http://www.bicusa.org/en/Article.12060.aspx Wed, 28 Jul 2010 10:22:26 GMT http://www.bicusa.org/en/Article.12060.aspx The IFC and MIGA's independent resource mechanism, the Compliance Advisor/Ombudsman, has released its review of how the Sustainability Framework and accompanying policies have affected outcomes on the ground. http://www.bicusa.org/en/Article.11880.aspx Mon, 17 May 2010 09:44:51 GMT http://www.bicusa.org/en/Article.11880.aspx The proposed capital increases for the World Bank and IFC would expand their size without expanding the scope of their reform. http://www.bicusa.org/en/Article.11785.aspx Tue, 30 Mar 2010 00:00:00 GMT http://www.bicusa.org/en/Article.11785.aspx After the Democratic Republic of Congo cancelled an IFC backed mining contract over disputed payments, the World Bank arm has declared that it will not begin new projects in the country until the dispute is resolved. The IFC is currently active in nine projects in Congo with a commitment of $104.6 million. http://www.bicusa.org/en/Article.11789.aspx Thu, 04 Mar 2010 10:35:15 GMT http://www.bicusa.org/en/Article.11789.aspx A cement plant in India financed in part by the IFC and ADB has been shut down pending a Supreme Court review of the mining operation supplying the plant. The complaint alleges that land was illegally transferred from tribal groups, that mining was undertaken without approval of the Ministry of Environment and Forest, and that customs and other duties were ignored. http://www.bicusa.org/en/Article.11768.aspx Fri, 12 Feb 2010 12:07:06 GMT http://www.bicusa.org/en/Article.11768.aspx The World Bank is moving to become one of the major institutions taking on climate change through its Climate Investment Funds, among other policies. However, Heinrich Boell Foundation president Barbara Unmuessig believes that without reforms, the Bank will not be able to effectively or fairly alter the course on global warming. http://www.bicusa.org/en/Article.11614.aspx Fri, 06 Nov 2009 11:48:10 GMT http://www.bicusa.org/en/Article.11614.aspx In 2009, Development Policy Operations increased dramatically as a percentage of overall World Bank lending, from an average of about 33% to over 50%. Dogged by concerns that stem from a lack of a strong set of safeguard policies or clear results, this shift to greater dependence on DPLs/DPOs raises concerns about arbitrage by Bank clients to soften or avoid transparency and accountability commitments. http://www.bicusa.org/en/Article.11612.aspx Thu, 05 Nov 2009 11:24:27 GMT http://www.bicusa.org/en/Article.11612.aspx The World Bank is quietly preparing the first capital increase in nearly 20 years to replenish the coffers after unprecedented lending in 2008 and the coming two years. http://www.bicusa.org/en/Article.11608.aspx Thu, 05 Nov 2009 08:13:29 GMT http://www.bicusa.org/en/Article.11608.aspx Investors promise to address the growing demand for gas in Peru. http://www.bicusa.org/en/Article.11580.aspx Sun, 25 Oct 2009 10:28:45 GMT http://www.bicusa.org/en/Article.11580.aspx BNDES has invested close to $R 5 bilion in the last two years as shareholders in the largest beef shippers, including JBS Friboi and Bertin. In Bertin alone, BNDES has purchased 27% equity position. http://www.bicusa.org/en/Article.11565.aspx Sat, 24 Oct 2009 07:55:18 GMT http://www.bicusa.org/en/Article.11565.aspx http://www.bicusa.org/en/Article.11533.aspx Thu, 08 Oct 2009 13:49:59 GMT http://www.bicusa.org/en/Article.11533.aspx Civil society has voiced concerns regarding the Bank’s social and environmental sustainability policies. http://www.bicusa.org/en/Article.11520.aspx Tue, 06 Oct 2009 10:07:38 GMT http://www.bicusa.org/en/Article.11520.aspx The World Bank/IMF Annual General Meetings in Istanbul October 2-7th provide a window of opportunity for civil society to impact ongoing policy reviews. http://www.bicusa.org/en/Article.11502.aspx Tue, 29 Sep 2009 10:41:00 GMT http://www.bicusa.org/en/Article.11502.aspx A workshop co-organized by the Bank Information Center (BIC), the World Bank’s Inspection Panel, and the IFC and MIGA’s Office of the Compliance/Ombudsman (CAO) was held in Marrakech, Morocco in late July 2009, and lasted three fruitful days. http://www.bicusa.org/en/Article.11605.aspx Tue, 15 Sep 2009 00:00:00 GMT http://www.bicusa.org/en/Article.11605.aspx The World Bank’s private sector arm – the International Finance Corporation (IFC) – has allowed commercial interests to override its social and environmental standards in making major loans to the oil palm sector in Indonesia, an internal audit reveals. http://www.bicusa.org/en/Article.11402.aspx Mon, 10 Aug 2009 00:00:00 GMT http://www.bicusa.org/en/Article.11402.aspx http://www.bicusa.org/en/Article.11385.aspx Sun, 09 Aug 2009 10:57:21 GMT http://www.bicusa.org/en/Article.11385.aspx QUILLABAMBA, Peru | A national strike by thousands of rain-forest Indians is spawning accusations of a proxy war involving Venezuela and an emboldened peasant movement seeking to undermine Peru's pro-U.S. president. http://www.bicusa.org/en/Article.11302.aspx Mon, 06 Jul 2009 12:24:46 GMT http://www.bicusa.org/en/Article.11302.aspx Just two weeks after the publication of Greenpeace's report "Slaughtering the Amazon" the IFC halts a $30 million payment to the Bertin corporation which was using the IFC loan to expand further into the Amazon. http://www.bicusa.org/en/Article.11258.aspx Tue, 16 Jun 2009 15:10:29 GMT http://www.bicusa.org/en/Article.11258.aspx Six months after the Office of Compliance, Advisor/Ombudsman (CAO) of the International Finance Corporation (IFC) found the IFC out of compliance with its own regulations for toxic emissions at the Karachaganak Oil and Gas Condensate Field in western Kazakhstan, the case remains open with the CAO because the IFC has failed to bring into compliance significant failures in the IFC’s environmental monitoring of activities at the Karachaganak field. http://www.bicusa.org/en/Article.3926.aspx Mon, 27 Oct 2008 13:28:23 GMT http://www.bicusa.org/en/Article.3926.aspx The International Finance Corporation's (IFC) website on extractive industries government payment disclosure has made progress, but certain gaps in data availability remain. http://www.bicusa.org/en/Article.3924.aspx Mon, 27 Oct 2008 00:00:00 GMT http://www.bicusa.org/en/Article.3924.aspx In response to requests from the Bank Information Center (BIC) and other civil society organizations, the International Finance Corporation (IFC) has begun providing links to where IFC extractive industry clients disclose their payments to host governments. http://www.bicusa.org/en/Article.3734.aspx Tue, 15 Apr 2008 17:52:05 GMT http://www.bicusa.org/en/Article.3734.aspx The Independent Evaluation Group (IEG) of the International Finance Corporation (IFC), found that 41% of the IFC projects studied had low development ratings. IFC performed particularly poorly in Africa and Asia, where only half of its projects had positive development outcomes. In Africa, the quality of IFC work was particularly poor, rated as “high” in only 45% of projects, as compared to 68% in other regions. http://www.bicusa.org/en/Article.3466.aspx Wed, 22 Aug 2007 15:21:41 GMT http://www.bicusa.org/en/Article.3466.aspx The Compliance Advisor Ombudsman(CAO), the independent recourse mechanism in charge of enhancing the development impact and sustainability of the IFC and MIGA, opened the floor for comments on the its Revised Draft Operational Guidelines at the end of 2006. http://www.bicusa.org/en/Article.3145.aspx Mon, 12 Feb 2007 12:13:58 GMT http://www.bicusa.org/en/Article.3145.aspx Work begins, in spite of lingering tensions http://www.bicusa.org/en/Article.3020.aspx Sat, 18 Nov 2006 17:02:09 GMT http://www.bicusa.org/en/Article.3020.aspx In a letter to World Bank Executive Directors, civil society organizations are calling for the recognition of a community referendum in Guatemala. Communities in Sipacapa, one of the municipalities impacted by the mine, registered their position on mineral development through a popular referendum in June 2005 with a majority of villages (11 out of 13) signing community acts stating their position against mining. It has become increasingly apparent that the IFC is not taking responsibility for the problems posed by the Marlin Mine and in particular the plight of the communities which have been adversely affected. http://www.bicusa.org/en/Article.2838.aspx Tue, 13 Jun 2006 16:48:55 GMT http://www.bicusa.org/en/Article.2838.aspx In its recently posted audit, the Compliance Advisor Ombudsman (CAO) found several compliance issues regarding the International Financial Corporation's environmental and social due diligence in considering the Orion-Celulosas de M'Bopicua (CMB) paper mill projects in Uruguay. http://www.bicusa.org/en/Article.2708.aspx Fri, 31 Mar 2006 11:48:08 GMT http://www.bicusa.org/en/Article.2708.aspx The Compliance-Advisor Ombudsman (CAO) released last week its comments on the January 25th drafts of the International Finance Corporation’s (IFC) Safeguards policies, which the IFC approved February 21, 2006. Following the IFC’s lead, a collection of private sector financial institutions intends to complete a review of their guiding policies on social and environmental issues, the Equator Principles. http://www.bicusa.org/en/Article.2676.aspx Wed, 15 Mar 2006 14:37:58 GMT http://www.bicusa.org/en/Article.2676.aspx http://www.bicusa.org/en/Article.2623.aspx Fri, 03 Mar 2006 15:15:04 GMT http://www.bicusa.org/en/Article.2623.aspx http://www.bicusa.org/en/Article.2512.aspx Tue, 31 Jan 2006 09:53:41 GMT http://www.bicusa.org/en/Article.2512.aspx Coinciding with the proposed time for release of WB Progress Report on EIR implementation, on December 11-14, 2005 CEE Bankwatch and BIC will host a workshop in Washington, DC to highlight WBG performance on the implementation of EIR recommendations. http://www.bicusa.org/en/Article.2446.aspx Wed, 26 Oct 2005 11:47:10 GMT http://www.bicusa.org/en/Article.2446.aspx http://www.bicusa.org/en/Article.2168.aspx Tue, 14 Jun 2005 16:13:21 GMT http://www.bicusa.org/en/Article.2168.aspx A new Compliance Advisor Ombudsman (CAO) audit calls for environmental reclassification and better oversight of the International Finance Corporation's (IFC) project. http://www.bicusa.org/en/Article.2145.aspx Mon, 06 Jun 2005 17:02:41 GMT http://www.bicusa.org/en/Article.2145.aspx The International Finance Corporation (IFC) Safeguard Policy Review is the winner of the 2004 'Award for the Most Flawed Consultation Process' within the World Bank Group, civil society organizations announced. http://www.bicusa.org/en/Article.2086.aspx Fri, 22 Apr 2005 11:39:07 GMT http://www.bicusa.org/en/Article.2086.aspx http://www.bicusa.org/en/Article.1858.aspx Mon, 24 Jan 2005 09:54:41 GMT http://www.bicusa.org/en/Article.1858.aspx A September 9 letter signed by 76 civil society and non-governmental organizations (NGOs) urges the IFC to protect communities that may be exposed to pollutants due to IFC-financed projects. http://www.bicusa.org/en/Article.1628.aspx Thu, 16 Sep 2004 14:42:32 GMT http://www.bicusa.org/en/Article.1628.aspx On July 6, 140 NGOs endorsed a letter to the IFC regarding the reviews of its environmental and social policies and standards. The IFC responds ... http://www.bicusa.org/en/Article.1561.aspx Mon, 09 Aug 2004 12:38:52 GMT http://www.bicusa.org/en/Article.1561.aspx http://www.bicusa.org/en/Article.1224.aspx Wed, 04 Feb 2004 17:21:36 GMT http://www.bicusa.org/en/Article.1224.aspx http://www.bicusa.org/en/Article.1262.aspx Mon, 02 Feb 2004 12:18:55 GMT http://www.bicusa.org/en/Article.1262.aspx http://www.bicusa.org/en/Article.655.aspx Tue, 13 Jan 2004 22:57:04 GMT http://www.bicusa.org/en/Article.655.aspx http://www.bicusa.org/en/Article.654.aspx Wed, 17 Dec 2003 22:47:05 GMT http://www.bicusa.org/en/Article.654.aspx http://www.bicusa.org/en/Article.55.aspx Thu, 16 Oct 2003 17:55:05 GMT http://www.bicusa.org/en/Article.55.aspx