A recent article on the much-acclaimed accountability mechanism of World Bank, the Inspection Panel (IP), indicates that all is not well with it and it could get its wings clipped. The discussion on the...
World Bank’s Chief Economist Ejaz Ghani recently advocated for the large-scale infrastructure investment mentioning that Golden Quadrilateral project has given a massive boost to manufacturing activity and productivity in districts located within 10km of...
October 14, 2017, New Delhi: Some of the biggest players in global finance are quietly backing the world’s most dangerous coal plant, according to an international investigative report released earlier this week. The report titled Time...
September 27, 2017, Mundra, Gujarat: Fishing communities and farmers affected by Tata Mundra said on Friday that they would approach the U.S. Supreme Court to review the decision of U.S. Court of Appeals for...
The World Bank Group is in the process of formulating its first Country Partnership Framework (CPF) for India for which consultations are in process to come out with Systematic Country Diagnostic (SCD), which will...
Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender...
Anuradha Munshi International Finance Corporation (IFC), a member of the World Bank Group, is going to invest up to $6 billion in the next five years on various sustainable and renewable energy programmes in...
With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...
A U.S. Federal Court has held that the International Finance Corporation (IFC) is entitled to “absolute immunity” from lawsuits brought by communities harmed by IFC projects. The case, filed by communities affected by the...
After bifurcation of the erstwhile Indian state of Andhra Pradesh in June 2014, both the new states of Telangana and Andhra Pradesh are sharing the Hyderabad as capital for 10 years. Chief Minister of...
The year 2015 was called a landmark year in terms of global environmental action. Two global agreements were reached and sealed – both critically concerned with the future environmental health of the earth and...
An Analysis of Parliamentary Debates in India on International Financial Institutions (1984-2009) This report critically examines how international financial institutions (IFIs) such as the World Bank, IMF, and Asian Development Bank have increasingly influenced...
Mapping Coal Project Finances in India Who finances coal projects in India? What is the quantum of money behind these large coal projects? What proportion is financed by international financial institutions and national financial...
The International Finance Corporation has funded projects in India that have caused large scale violation of environmental and social laws. In a recent move, India has extended the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), which...
