The process of the World Bank reforming the Inspection Panel (IPN) to adapt it to the changing environment, the newly adopted Environmental and Social Framework (ESF) started in 2017 but, the changes that they...
The Indian government’s PPP database indicates that infrastructure projects worth Rs 15,960.66 crore are listed under the ‘water’ sector, as of December 2019. Nagpur: The issue of water privatisation was once a hot potato...
The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minister with much fanfare. Yet when details were announced by the Finance...
Civil society organizations from around the world have been campaigning and advocating for a more responsible, human rights-oriented, and sustainable development finance model.Multilateral Development Banks (MDBs) lend money to governments and private actors in...
Recently, a piece of good news has appeared that World Bank Group’s International Finance Corporation (IFC) upholding the right to education in an official commitment and decided to freeze investments in private for-profit pre-primary,...
The COVID-19 corona epidemic that has taken over 16,99,019 lives all around the world has undoubtedly been a disaster with no parallels in modern history. Political and social analysts describe this pandemic as the...
World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development finance circles. While it is true that aid provides an important source of income...
In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were...
Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from 1st March 2020. She will be going back to her teaching job at Yale University. This marks...
On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of...
1. Union Budget allocation for preparations of India’s G-20 presidency The Finance Minister of India announced an allocation of Rs.100 crore from the Union Budget, for the initial preparations for hosting the G-20 presidency...
It’s a known fact that decisions of every Ministry is taken by the Prime Minister’s Office (PMO), which has officers responsible for each Ministry. For a population of 130 billion, one PMO, which earlier...
This mapping document looks at infrastructure sector in India, its basic concepts, estimates by the Government of India, the World Bank (WB), Asian Development Bank (ADB), International Finance Corporation (IFC), Asian Infrastructure Investment Bank...
(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible...
Statement in response to news reports that the company has written to the Ministry of Power that they will stop operating the Mundra project from February 2020. Mundra, Gujarat January 13, 2020: Tata power...