Founded in 1999, in the wake of the Asian Financial Crisis, G20’s formation was announced by the finance ministers of the Group of Seven (G7) as the forum for international cooperation on financial and...
This booklet is a result of webinars under the World Without World Bank campaign that brings together activists, academicians and other civil society groups to protest, respond to the World Bank’s neoliberal reforms.
With the world facing a climate crisis, urgent action is required on many fronts, not least in ensuring adequate levels of climate finance to support mitigation and adaptation in the Global South. Campaigns to...
As the 13th BRICS Summit was recently held and chaired by India, the People’s Forum on BRICS (a network of people’s movements, progressive civil society organizations, and trade unions) is convening a 5-day online...
In September, the World Bank announced that it would discontinue the publication of the Doing Business Report and Ranking (DBR). This overdue decision came after a series of internal audits and an investigation that...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows.
India’s 7th-largest commercial bank, Federal Bank Limited, has turned its back on new coal, according to a new report released October 7, 2021. The bank is a key lender to firms such as Jindal Steel Works (JSW)...
Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) in July 2021.
IFC’s ‘Approach to Greening Equity in Financial Institutions’ (Green Equity Approach or GEA), which IFC piloted in 2019 and published in September 2020, commits the IFC to end equity investments in financial institutions that...
The northern coast of the Gulf of Kutch has been witnessing large-scale industrialization for the past two decades while a very large Special Economic Zone is also situated in the vicinity. Among several polluting...
The Centre for Financial Accountability welcomes applications for the G20 Research Fellowship through the call for abstracts from the research community delving into the critical and scholarly study of the G20 convening. Submitted abstracts that...
How often do we read about middle income individuals appropriating the wealth from the super-rich using the very systems that they have created in order to become and stay wealthy? Not very. So when...
The World Bank directed its resources to the removal of key barriers to private investment. It played a fundamental enabling role by financing key environmental and social management and institutional strengthening activities, as well...
ലോക ബാങ്ക് ഗ്രൂപ്പ് പോലെയുള്ള ബഹുകക്ഷി വികസന ബാങ്കുകളാണ് (എം.ഡി.ബി.കള്) മുന് ദശകങ്ങളില് ആഗോളപരമായി വികസനത്തിന്റെ ഭാഷയും ദിശയും എങ്ങനെ രൂപപ്പെട്ടുവെന്ന് പ്രധാനമായും നിര്വചിച്ചിരുന്നത്. ഇന്ത്യയിലും, അനുഭവം വ്യത്യസ്തമല്ല.
Since the COVID-19 crisis emerged, MDBs have stepped in with massive packages for economic, social and health support. Details of funds received by India from Multilateral Development Banks for COVID-19 recovery support as of 30th October...