In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were...
1. Union Budget allocation for preparations of India’s G-20 presidency The Finance Minister of India announced an allocation of Rs.100 crore from the Union Budget, for the initial preparations for hosting the G-20 presidency...
Government prepares for more reforms to ensure India comes in the top 50 in ease of doing business rankings India currently occupies 63rd position in the rankings of the World Bank in doing business....
IFC’s Opportunistic $ 24.7 trillion Global Green Investment Plan Adding to the global narrative on low-carbon investments, World Bank Groups’ private lending arm International Finance Corporation’s recent report – Green Buildings: A Finance and...
AIIB’s newly wrapped ESG investments: Asia ESG Enhanced Credit Managed Portfolio Project After fifty investments being approved and many more in pipeline, along with much criticism against India’s Infrastructure Fund , National Infrastructure Investment...
Hailed as the Pioneer of Public-Private Partnerships in India, ILFS is supposedly an early example of Private sector role and commitment towards infrastructure development in India. Their Infrastructure Projects include Roads, Water, Power,...
This brief report aims to throw light on the critical lapses and breaches which have been committed during the design, pre-appraisal and Strategic Environmental and Social Assessment – Environment and Social Management Framework (SESA-ESMF)...
In its historic decision on 27th Feb 2019, the U.S. Supreme Court decided that international organizations like the World Bank Group “don’t enjoy absolute immunity”. Simply put, with this judgement, the World Bank and...
The World Development Report (WDR) is the World Bank’s development research and policy review report published annually. Started by IBRD since 1978, this report is intended to provide deep and extensive analysis on one...
Here’s a lowdown on what good and bad came out of Kim’s reign as the bank’s president and what seems to be the future of the coveted title Jim Yong Kim resigned from the...
Tata Mundra Ultra Mega Power Project India is part of an ambitious plan, which saw the building of several coal-based thermal power stations to meet India’s energy needs. Located on the western coast of...
25 years of Inspection Panel has a special significance for India, having played a key role in its formation. As in the case of all safeguard and other policies, the independent accountability mechanisms (IAMs)...
This year, the Inspection Panel, the accountability mechanism of the World Bank, is completing 25 years. The World Bank’s failure to comply with its operating policies was seen by the entire world in the...
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...
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...