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...
Private Finance in Infrastructure Development in India
In the past several years, infrastructure has become a focus sector in the Indian economy as it is expected to boost overall development. Infrastructure continues to attract attention not only from the government but...
Tumkur: To be a Smart City or not, that is the question
The story of a small town in Karnataka and the price it is paying for ill-conceived development Jalappa’s family has lived in Karnataka’s Tumkur for over four generations now. About 100 meters off the...
Snippets from the World of International Financial Institutions – August, 2019
IMF Chief Election Over 100 organisations across the world recently signed an open letter demanding an end to the ‘Gentleman Agreement,’ as per which only Europeans are selected as the Managing Director of the International...
Snippets from the World of International Financial Institutions – July, 2019
The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this month after she was nominated to head the European Central Bank. She previously served as France’s finance minister during...
Booklet: Smart Cities Mission in India: Footprints of IFIs
This booklet is a first in a series that looks to provide an overview of the smart cities at a conceptual level, smart cities mission in India, development of smart cities globally, the role...
Inspection Panel’s Report on Amaravati Project only Validates the Issues Raised by CSOs
For immediate release Inspection Panel’s Report on Amaravati Project only Validates the Issues Raised by CSOs July 26, 2019: Confirming the concerns raised by the communities and civil society organisations, Government of India withdrew...
Press Release: After World Bank, AIIB Pulls Out of Amaravati Capital City Project
Press Release | July 23, 2019 After the World Bank, Asian Infrastructure Investment Bank Pulls Out of Amaravati Capital City Project New Delhi: The China-led Asian Infrastructure Investment Bank (AIIB) pulled out of Amaravati Capital...
विश्व बैंक ने अमरावती कैपिटल सिटी परियोजना से हाथ खींचा, लोगों को मिली बड़ी सफ़लता
विश्व बैंक ने अमरावती कैपिटल सिटी परियोजना से हाथ खींचा, लोगों को मिली बड़ी सफ़लता प्रेस विज्ञप्ति | 20 जुलाई, 2019 एक बड़े ऐतिहासिक कदम, जिसका प्रभाव कई स्तर पर देखने को मिलेगा, उठाते...
World Bank Pulls Out of Amaravati Capital City Project
July 18, 2019: In a significant move, which will have repercussions at multiple levels, yesterday the World Bank has decided to pull out of the $300 million lending to the Amaravati Capital City project...
Briefing Note: AIIB’s Investment in the NIIF: Why is it a Risky Venture?
With large infrastructure projects at the core of its investment support strategy, it is essential for the AIIB to ensure that their funds are directed to sustainable investments. In a country like India, where...
Snippets from the World of International Financial Institutions – June, 2019
This monthly column tracking developments in the world of the international finance looks into the review of Equator Principles, ITUC’s critique on IMF Framework on Social Spending, and World Bank’s report on the Global...
Briefing Note: MDBs Behind IL&FS: A Case of Bloodied Hands
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,...
Snippets from the World of International Financial Institutions – May, 2019
IMF loans a continuous saga of conditionality. The latest in the countries that have received the International Monetary Fund (IMF) loans after Greece and Turkey is Pakistan. This is Pakistan’s thirteenth loan from IMF...
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