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.
In its historic decision on 27th Feb 2019, the U.S. Supreme Court decided that international organizations like the World Bank Group “don’t enjoy absolute immunity”. Simply put, with this judgement, the World Bank and...
March 31, 2019, Mundra, Gujarat: In an afternoon with 41-degree heat, hundreds of men, women, and children from Navinal and Tagri villages of Kutch, and members from the civil society and peoples’ movements from across...
For Immediate Release Villagers Celebrate The Historic US Supreme Court’s Verdict Which Ended The Immunity of the IFIs March 31, 2019, Mundra: The air in Mundra filled with the slogans like Kaun Banata Hai...
The Supreme Court heard oral argument this morning in a dispute over immunity for the International Finance Corporation, an international organization that makes loans to private businesses to finance projects in developing countries. The...
October 31, 2018, New Delhi.: The Supreme Court of the United States of America heard the oral arguments in the historic case filed by the villagers from Mundra, Gujarat against the absolute immunity granted...
The plaintiffs contend that the plant’s construction caused saltwater to leach into the local groundwater. They say that the plant’s ‘cooling system discharges thermal pollution into the sea, killing off marine life on which...
IFC will now ensure that the financing process only supports targeted areas — such as projects promoting energy efficiency, renewables, women business-owners, or small and medium-sized enterprises New Delhi: Civil society groups from across...
NUSA DUA, Indonesia — Civil society groups have welcomed a move by the International Finance Corporation to transition the financial institutions it invests in away from supporting coal projects — but some say it...
Tata Mundra Ultra Mega Power Project India is part of an ambitious plan, which saw the building of several coal-based thermal power stations to meet India’s energy needs. Located on the western coast of...
A fishing community in India challenges the bank’s private-lending arm in the US Supreme Court. The US Supreme Court sits more than 12,000 miles from Tragadi Bandar, the patch of India’s west coast where...
For immediate release MASS Welcomes the US Supreme Court’s Decision to Hear the Case Challenging World Bank Group Immunity This will be the first time the US Supreme Court will address the scope of...
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...
International law and human rights law experts are urging the U.S. Supreme Court to hear our clients’ case, Jam v. International Finance Corporation challenging the immunity of the International Finance Corp. (IFC), the private...
A three-day workshop on ‘Environment Social and Development Finance: Dimensions of Sustainable Energy’ was jointly organised by National Alliance of People’s Movements (NAPM), Centre for Financial Accountability (CFA), and PAIRVI in Hyderabad, with the...