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...
Answering to a question in the parliament, Pon Radhakrishnan, the Minister of State in the Ministry of Finance, revealed that between the financial year 2015-2018, India paid Rs 396.775 crore as Commitment Charges to the...
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...
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...
Prof Arun Kumar speaking on the finance capital, increase in disparity, and the philosophical changes in the society. He was speaking at the speaking at the Symposium on India’s Engagements and Experiences with Accountability...
The Asian region has experienced the emergence of new MDBs over last few years. For many years, the Asian Development Bank was the only development bank in the region and has been dominated by...
Most of the International Financial Institutions enjoy legal immunity in most of the countries. The immunity enjoyed by IFI’s like the World Bank Group raises pertinent questions around the extent of immunity granted to...
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
In the political resolution adopted at the end of the People Convention on Infrastructure Financing delegates resolved to challenge the undemocratic and economically unsound functioning of IFIs including AIIB, World Bank, IFC and others....
The Doing Business Report and the Ease of Doing Business Index is one of the flagship reports of the World Bank Group, a co-publication of World Bank and International Finance Corporation – the private...
Gaurav Dwivedi explains how the Smart Cities would be funded and implemented, and how the project would impact the functioning of the Urban Local Bodies.
Soumya Dutta, Beyond Copenhagen Collective and PAIRVI, linking IFIs, their push for Infrastructure, and impact on public commons.