Policy gaps allow World Bank Group to indirectly finance captive coal
Laborers in the nickel industry in Indonesia Morowali Industrial Park (PT. IMIP), by Esa Setiawan/ Trend Asia. A new analysis, published today by Recourse, Trend Asia and Inclusive Development International, demonstrates that publicly-funded Multilateral Development Banks are at risk of funding a wave of ‘captive’ coal expansion in climate-vulnerable countries, despite commitments to shift funds […]
Joint Statement on World Bank Probe into Alleged Bridge Academies Child Sexual Abuse Cover-up
On May 16, 2024 the World Bank announced that it is hiring an outside firm to “explore the circumstances surrounding the Compliance Advisor Ombudsman’s (CAO) investigation of IFC’s investment in Bridge International Academies.” We commend the World Bank’s Board for taking the lead on this issue. Together with U.S. lawmakers and other stakeholders, civil society […]
Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining
Ahead of the World Bank Spring meetings in Washington DC, a coalition of 40 civil society organizations, some of whom are in mineral-rich countries and work with mining affected communities, has written to Ajay Banga calling on the World Bank Group (WBG) to take extreme caution as it looks to extend its investments in transition […]
External Investigation Into Alleged IFC Cover-Up Must Be Robust and Transparent
On March 13, 2024, World Bank Group (WBG) President Ajay Banga announced an external investigation of allegations of interference in the IFC Compliance Advisor Ombudsman (CAO) process as relates to IFC’s investments in Bridge International Academies. We welcome President Banga’s announcement. It represents a positive, albeit belated, response to a call made by 35 international […]
IFC Response to Child Sexual Abuse Investigation Fails Survivors; Evades Responsibility
Today the World Bank released a scandalous internal investigation of child sexual abuse allegations at private schools funded by its private sector arm, the International Finance Corporation (IFC). Although World Bank President Ajay Banga has expressed contrition, the IFC’s official management response fails to offer meaningful remedy to the survivors of abuse that it turned […]
IFC’s Response to Sexual Abuse Scandal Does Not Provide Remedy to Bridge Survivors; Executive Directors Should Reject It
On this International Women’s Day, the International Finance Corporation (IFC) is asking its Executive Directors to endorse an inadequate and flawed Management Action Plan (MAP) in response to the Compliance Advisor Ombudsman’s (CAO) investigation of child sexual abuse at Bridge International schools in Kenya. Executive Directors should reject the proposed MAP. The facts are clear. […]
Demanding Accountability: Response to Reports of a Child Sexual Abuse Cover Up at the World Bank
*This statement was sent to World Bank president Ajay Banga and its board of directors. We received a response from IFC head Makhtar Diop, which is available here. Our response to that letter is available is here. The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International […]
Janji Palsu, Bank Dunia Masih Mendukung Puluhan Proyek Batubara Baru
International Finance Corporation (IFC), lembaga pinjaman swasta dari Grup Bank Dunia,secara tidak langsung mendukung puluhan proyek batubara baru di seluruh Asia, demikianmenurut sebuah laporan baru, Klaim Kosong: Bagaimana Pendanaan Batubara Menembus CelahHukum Paris Alignment oleh IFC. Laporan yang didasarkan pada penelitian yang dilakukan olehInclusive Development International, Recourse, dan Trend Asia, diterbitkan hari ini sebelumPertemuan Tahunan […]
World Bank is backing dozens of new coal projects, despite climate pledges
The International Finance Corporation (IFC), the private lending arm of the World Bank Group, is indirectly backing dozens of new coal projects throughout Asia, according to a new report, Blowing Smoke: How Coal Finance is Flowing through the IFC’s Paris Alignment Loopholes. The report, based on research conducted by Inclusive Development International, Recourse and Trend […]
A call to defend the independence of accountability mechanisms at the World Bank and other international financial institutions
Inclusive Development International is joining with fellow community advocates around the world to sound the alarm about increasing threats to the independence of accountability mechanisms attached to international financial institutions and other development institutions. These “Independent Accountability Mechanisms,” or IAMs, are meant to facilitate access to justice for communities harmed by the projects those institutions […]