Financially inclusive India! Are we?
The 2017 Global Findex Database of the World Bank Group portrays India in a remarkably favourable light owing to the sharp increase in the number of bank account holders in the country, but the...
Big Push for the Development of Hydropower in India
There has been a worldwide growth in hydropower development, with 31.5 GW new capacity installed in 2016. This figure includes 6.4 GW of pumped storage – nearly double the previous year – while there...
What You Won’t Hear at the World Bank’s Spring Meetings Next Week
The World Bank Group will host its 2018 Spring Meetings next week, bringing together representatives of governments, banking institutions, civil society, the private sector, and academics to “discuss issues of global concern, including the...
The World Bank and IMF’s approach to social protection
While it is generally accepted that social protection is a core public service, the design of national systems is highly contested. There are two broad camps in the debate: one regards social protection as...
IFC Failed to Follow its Performance Standards in Vizhinjam: CAO
International Finance Corporation’s (IFC) grievance redressal body Compliance Advisor Ombudsman (CAO) in its compliance investigation report has indicted IFC for not following its Performance Standards in Vizhinjam International Seaport Limited (VISL), a special purpose...
Booklet: Tentacles of International Finance in India
This document is an effort to compile data of investments coming into India from MDBs, ExIm banks and other bilateral investments, to help understand the landscape of financing from these institutions and help to...
Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors
Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has...
Sacrificing Labour Rights at the Altar of Ease of Doing Business
The call for reforms in the labour laws in the country became strong with the liberalisation of the economy in the 90’s. The Second National Commission on labour was set up in 1999 which...
It Is Time to End the Business Rankings of the World Bank
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...
The US Supreme Court is Our Last Hope
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...
The Murky Business of Ease of Doing Business Ranking
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...
Ease of doing business or Ease of diluting labour safety?
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...
The Cost of Ease of Doing Business Ranking
What is diluted, amended, and narrowed down for making it easy for businesses is eroding of the rights of people
Is IFI influence on economy back with a vengeance?
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...
CSOs approach WB on Amaravati Capital City Project
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...
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