February 2, 2018, Amsterdam, and New Delhi: The Asian Infrastructure Investment Bank (AIIB) must “tread very carefully” before approving a new USD 200 million deal with India in April 2018, for fear of turning the key on some highly controversial...
Financing the future? AIIB and India’s National Investment and Infrastructure Fund
OAKLAND, CA—The revelations that led to this week’s resignation of World Bank Chief Economist Paul Romer point to flawed methodology and political manipulation in the World Bank’s Doing Business report. Romer admitted that the...
For Immediate Release The US Supreme Court is Our Last Hope to Ensure Accountability of the World Bank Group January 23, 2018, Washington, D.C. and Mundra, Gujarat: Fishing communities and farmers affected by Tata...
In a major revelation, Paul Romer, the chief economist of World Bank apologized to Chile for changes to the Ease of Doing reports methodology which conveyed the wrong impression of the business environment under...
Over fifty renowned economists, academics and development experts from across the world recently wrote to the Executive Board of the International Monetary Fund to express concern over the IMF “independent” evaluation of The IMF and social protection,...
Representatives from civil society organizations from all over the world have written a letter this week to the AIIB, drawing urgent attention to rising concerns of AIIB’s investments through Financial Intermediaries (FIs). This is in...
Several UN human rights experts last month wrote an open letter to the Executive Board of the International Monetary Fund to express their dismay about the general approach of the IMF to social security reforms that has...
On November 1st, 2017 India witnessed one of the largest boiler accidents in recent times. An NTPC plant originally supported by Asian Development Bank met with an accident in their newly built unit. As...
What is diluted, amended, and narrowed down for making it easy for businesses is eroding of the rights of people
There was jubilation in the government as the Ease of Doing Business ranked India in the 100th spot, 30 points ahead from last year which is supposed to be the biggest jump by any...
For immediate release Civil Society Organisations approach World Bank’s Board on the irregularities in Amaravati Capital City Project November 28, 2017, New Delhi: Social Activist Medha Patkar, Former Power Secretary Dr. EAS Sarma, Goldman Prize...
November 27, 2017 To The Executive Directors, The World Bank Washington DC Dear Executive Directors, We, the representatives of people’s movements, civil society organisations, and concerned citizens, write to the Board of...
The World Bank has spent the past four years overhauling the rules it applies to prevent or mitigate social and environmental harm from the development projects it finances. But human rights are all but...
A recent article on the much-acclaimed accountability mechanism of World Bank, the Inspection Panel (IP), indicates that all is not well with it and it could get its wings clipped. The discussion on the...
