A Case which made World Bank Legally Accountable
On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of...
Indiaās G-20 Presidency, Coronavirus and India and others: Snippets from the World of International Finance
1. Union Budget allocation for preparations of Indiaās 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...
Infrastructure Projects in India: The Landscape of Financiers
This mapping document looks at infrastructure sector in India, its basic concepts, estimates by the Government of India, the World Bank (WB), Asian Development Bank (ADB), International Finance Corporation (IFC), Asian Infrastructure Investment Bank...
The Invisible hand of International Financial Institutions (IFIs)
(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible...
Snippets from the World of International Finance
Government preparesĀ 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....
AIIB Water Sector Strategy, September 2019 ā Some observations
The Asian Infrastructure Investment Bank (AIIB) came out with a draft Water Sector Strategy in September 2019. The water sector analysis was developed based on the information in the water sector analysis brought out...
Ease of Doing Business ā what does it conceal?
India is now a poster boy for the World Bankās much-criticisedĀ Doing Business ReportĀ (DBR), and its associated country rankings index (EODB) (seeĀ ObserverĀ Winter 2018). The country has drastically improved its place in the EODB index, rising...
Tata Mundra Ultra Mega Power Project: A decade of disemPOWERing communities
Almost a decade after the construction for the Tata Mundra Ultra Mega Power Project and eight years since the operations of the project started, a revisit to Mundra tells the story of the destruction...
Snippets from the World of International Finance
IFCās Opportunistic $ 24.7 trillion Global Green Investment Plan Adding to the global narrative on low-carbon investments, World Bank Groupsā private lending arm International Finance Corporationās recent report – Green Buildings: A Finance and...
Global Mass Protests: Why the Ubiquitous Outrage?
To quote the Political Science professor, Robert OāBrien, at the McMaster University in Hamilton, āthe world is at a high level of protest right nowā. He further adds that he can witness āa dissatisfaction...
MUTP 3, Assam T&D – New Projects from AIIB
The Asian Infrastructure Investment Bank (AIIB) approved a lending forĀ Mumbai Urban Transport Project (MUTP) Phase 3Ā for $500 mn. According to a release from AIIB, āA loan of USD500 million granted to the government of...
People over business ā Why Ease of Doing Business hurt people and environmentĀ
In the last week, we saw two indices, which were released globally. One on hunger and another on Ease of Doing Business. India slipped from 95th position to 102nd position out of 117 countries...
AIIBās newly wrapped ESG investments
AIIBās 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 Indiaās Infrastructure Fund , National Infrastructure Investment...
The Accountability of Climate Crisis also Lies with the Financial System
‘We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal economic growth – how dare you!’ These are the words of young...
AIIB’s Opaque Policies Under the Garb of Green Investments
AIIB has come under severe criticism over its opaque policies with regards to Financial intermediary (FI) investments as well as its over-reliance on and delegation of power to the FI client. AIIB currently has...
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