PRESS RELEASE | 23.08.24 August 23, 2024 – A collective letter written by the Centre for Financial Accountability, International Accountability Project, National Hawkers Federation, GAIA-Asia Pacific, and Break Free From Plastics and endorsed by...
A coalition of 174 civil society organisations, networks, and activists has written to the World Bank’s board of directors, urging them to reject funding for four waste-to-energy (WTE) incineration projects proposed by Abellon Clean...
Abellon Clean Energy Limited (ACEL) is a Waste to Energy (WTE) developer based out of Gujarat in India, who is developing 4 WTE plants in Rajkot, Vadodara, Ahmedabad and Jamnagar of cumulative capacity 52.20...
Thirteen years after communities from Odisha’s Dhenkanal district filed a complaint at the International Finance Corporation’s (IFC) accountability mechanism
In another week, on June 2, Ajay Banga will take over as the 14th president of the World Bank Group, the all-men’s club, except for Kristalina Georgieva, who had become World Bank’s acting president...
Express disappointment over the proposed approach paper which is not only narrow in its approach but it does not deliver remotely on remedy or even reflect IFC’s and MIGA’s intent for accountability.
The World Bank’s private sector arm, the International Finance Corporation (IFC), plays a significant role in influencing private financial flows. As the “largest global development institution focused on the private sector”, the IFC aims...
The International Finance Corporation (IFC), the private sector arm of the World Bank, is to stop supporting new coal projects, a move described by campaigners as welcome but long overdue.
The IFC has reportedly lent close to $5 billion to almost 88 financial institutions in India
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
Previous policy allowed the IFC’s financial clients to support new coal projects as long as they exited coal by 2030, but the new update explicitly rules out new coal.
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. Today, the U.S. Supreme Court denied a petition from a fishing community in India whose livelihoods have been destroyed by...
We are posting these snippets at a time when the mega yearly rituals of the World Bank and IMF a.k.a the Annual General Meetings, have ended and the balance of payment crisis in Sri...
Note to the readers: This is a mildly edited transcript of the talk given by the author at the World Without World Bank Campaign Week in 2021 at a panel titled “Privatisation, Commodification and...
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. April 26, 2022 New Delhi: Last evening India time, the U.S. Supreme Court denied a petition from a fishing community...
