Inspection panel of WB just an eyewash? | The Money Trail
30 years ago, Narmada Bachao Andolan forced the World Bank to set up a permanent system to look into allegations against projects funded by it.
Paris aligned?
The World Bankâs private sector arm, the International Finance Corporation (IFC), plays a significant role in influencing private financial flows. As the âlargest global development institution focused on the private sectorâ, the IFC aims...
India’s Green National Highway Corridor Project gets $500 million loan from World Bank
The infrastructure finance update for the month of March 2023 covers mostly updates from the sectors of roads and highways, smart cities, ports and logistics. The government is making significant investments and working to...
India added a whopping 79% to the global âextreme poorâ in 2020
Shockingly, World Bank estimated this using a private firm CMIEâs surveys, because Indian government wouldnât collect household consumption data, lest it reveals the ugly truth
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
At Indiaâs Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the worldâs coal investments. A 2021 report found that ICICI, the State Bank of India,...
Vimalbhai: A man who lived what he preached
In the passing away of Vimalbhai on August 15, CFA lost a friend, comrade and fellow traveller. A tireless campaigner, poet, artist, a go-to-person for every protest in Delhi for peopleâs movements across the...
World Bank Approves $245 Million Loans to Modernize Indian Railways
Infrastructure finance update for the month of June primarily focuses on three sectors, namely, railways, roads and highways and private investment.
Banks must adopt ESS safeguards in lending
As we observed environment day during one of the hottest Indian summers, the near absence of climate change as a civic discourse is alarming. At a time when the world finds itself in the...
The Lankan Crisis: Lessons for India
While the mainstream media covers the turmoil in Sri Lanka as something that is unfolding on a day to day basis, what is lost out is the long term trajectories that have precipitated the...
Fishing Community That Took on World Bank Group Immunity Continues Quest for Justice
Landmark corporate accountability case resulted in critical reforms for the World Bankâs lending arm. Today, the U.S. Supreme Court denied a petition from a fishing community in India whose livelihoods have been destroyed by...
Supreme Court rejects World Bank coal case
The Supreme Court today turned down an appeal from a fishing community to review its lawsuit that seeks to hold an arm of the World Bank liable for environmental damage from a coal-fired power...
Coveted IMF-WB Spring meetings conclude with a vow to fiddle; MC12 round the corner
We are posting these snippets at a time when the mega yearly rituals of the World Bank and IMF a.k.a the Annual General Meetings, have ended and the balance of payment crisis in Sri...
World Bank aided privatisation and commercialisation – sectoral learnings from India
Note to the readers: This is a mildly edited transcript of the talk given by the author at the World Without World Bank Campaign Week in 2021 at a panel titled âPrivatisation, Commodification and...
Civil society urges for a world without the World Bank | Press Release
The International Monetary Fund (IMF) along with the Board of Governors of the World Bank (WB) Group is having its annual Spring meeting from April 18th- 24, 2022 in order to commemorate another year...
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