By financing environmentally damaging projects, can Indian funders be held liable?
Banks and financial institutions in India have no internal mechanisms to address the broader costs of investing in risky projects.
The World Bank, the Inspection Panel & Immunity
The establishment of the Inspection Panel marked a significant development, driven by the pressure exerted by people's movements and civil society organizations (CSOs), during a period when the World Bank Group operated under the...
Demanding Accountability: Joint Statement in Response to Reports of a Child Sexual Abuse Cover Up at the World Bank
October 19, 2023 The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International Academies in Kenya, and allegations that the World Bank’s International Finance Corporation (IFC)...
B Ready: Brace for impact
India has been the poster boy of the World Bank's Ease of Doing Business as it leaped in the ranking by rapidly deregulating its economy. Environmental regulations were scaled back, labour regulations diluted...
Business Ready Report (Bready)
Three years after discontinuing the Doing Business report, the World Bank Group is introducing a new corporate flagship publication called the Business Ready (B-READY) report.
क्या कामयाब हुआ विश्व बैंक का निरीक्षण पैनल? हमारा पैसा हमारा हिसाब
तीस साल पहले नर्मदा बचाओ आंदोलन के विरोध के चलते विश्व बैंक को अपनी परियोजनाओं के प्रभावों की जांच करने के लिए एक स्वतंत्र निरिक्षण पैनल की स्थापना करनी पड़ी थी। ये पैनल कितना...
Inspection panel of WB just an eyewash? | The Money Trail
30 years ago, Narmada Bachao Andolan forced the World Bank to set up a permanent system to look into allegations against projects funded by it.
Paris aligned?
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...
India’s Green National Highway Corridor Project gets $500 million loan from World Bank
The infrastructure finance update for the month of March 2023 covers mostly updates from the sectors of roads and highways, smart cities, ports and logistics. The government is making significant investments and working to...
India added a whopping 79% to the global ‘extreme poor’ in 2020
Shockingly, World Bank estimated this using a private firm CMIE’s surveys, because Indian government wouldn’t collect household consumption data, lest it reveals the ugly truth
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
At India’s Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...
Vimalbhai: A man who lived what he preached
In the passing away of Vimalbhai on August 15, CFA lost a friend, comrade and fellow traveller. A tireless campaigner, poet, artist, a go-to-person for every protest in Delhi for people’s movements across the...
World Bank Approves $245 Million Loans to Modernize Indian Railways
Infrastructure finance update for the month of June primarily focuses on three sectors, namely, railways, roads and highways and private investment.
Banks must adopt ESS safeguards in lending
As we observed environment day during one of the hottest Indian summers, the near absence of climate change as a civic discourse is alarming. At a time when the world finds itself in the...
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