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May 21, 2019
CFA Admin
Who is benefitting from the Mumbai-Ahmedabad Bullet Train Project?
The information available in public domain is that JICA is financing the Mumbai-Ahmedabad Bullet Train Project by lending 88 thousand crore rupees at an interest rate of 0.1%. Payback period is 50 years with a moratorium of 15 years. The claim is that loan is free and Japan is behaving like a close ...
Article
February 24, 2026
CFA Admin
Mumbai Resolution on Infrastructure Financing in India
In the political resolution adopted at the end of the People Convention on Infrastructure Financing delegates resolved to challenge the undemocratic and economically unsound functioning of IFIs including AIIB, World Bank, IFC and others. The Convention also resolved to push for people-centered alter...
Article
December 18, 2018
The Hindu
Renewable energy projects attract more finance in T.N.
At ₹2,797 crore, State’s share second highest; nil funding for coal-based projects Tamil Nadu is among the States which saw significant lending to renewable energy projects and nil lending to coal projects in 2017, according to a report by the Center for Financial Accountability (CFA). The report ti...
Article
June 24, 2018
CFA Admin
Development must not Happen at the Cost of Constitutional Rights
Mumbai, June 23: “The so-called ‘development’ must not come at the cost of constitutional rights,” said prominent activist and Goldman Environment Awardee Prafulla Samantra at the press conference, which was organised on the last day of the three-day Peoples’ Convention on Infrastructur...
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Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns. 

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