Give Doing Business report a COVID burial
On August 27th, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the...
CSO Comments on Operationalizing Reforms to the Inspection Panel, including the creation of a new Accountability Mechanism
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. The World Bank’s Committee on...
CSO Space during the 5th Annual Meeting
Civil society groups from across the globe wrote to the President of AIIB Jin Liqun raised concerns during the global pandemic and demanded accountability and transparency from AIIB during this pandemic. With the government’s in...
A weak Inspection Panel will render the last institutional mechanism for communities to hold the World Bank accountable, ineffective.
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...
How the Govt Is Spinning Its Dysfunctional Nagpur Water Project as a Success Story
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...
A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People
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...
Learning from 10 years of campaigning on financial intermediary lending at the International Finance Corporation
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...
A Big Win- IFC World Bank to Freeze Investment in For-Profit Schools
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,...
Corona Uncovering the Cracks in Capitalism
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...
Elite Capture of resources, the continuing saga of exploitation: A case of World Bank
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...
Procedures for World Bank’s new accountability mechanism lacks transparency and inclusivity
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...
When Chief Economists leave the Bank, Credibility Walks Out too
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...
A Case which made World Bank Legally Accountable
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...
India’s G-20 Presidency, Coronavirus and India and others: Snippets from the World of International Finance
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...
Random Reflection: PMO, Finance Ministry and the Finance Mess
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...
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