Joe Athialy, Author at Centre for Financial Accountability

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 ...

Article

It’s not just an energy issue; it’s also a justice issue

15 years back power sector witnessed a huge expansion. Between 2005 and 2011, thermal projects with 700 GW were given ei...

Blog Energy Renewable

Article

Road Paved for FRDI 2.0

The announcement by Finance Minister Nirmala Sitharaman yesterday (Nov 15) that the government is planning to increase t...

FRDI Indian Economy National Financial Institutions NFIs

Article

It’s wrong steroids, Finance Minister! It will only kill the economy!!

The press conference addressed by the Finance Minister Nirmala Sitharaman yesterday (Aug 23) is an indication that final...

Blog Demonetisation Indian Economy National Financial Institutions NFIs NPAs

Article

The Economics Of Julian Assange’s Arrest

Yesterday Julian Assange, co-founder of Wikileaks, was arrested from the Ecuadorian Embassy in London, where he took ref...

Blog

Article

Wake Up World Bank

Absolute immunity leads to impunity, and that foments lack of transparency and the reluctance to be held accountable Ove...

Coverage International Finance International Finance Corporation International Finance Institutions

Article

New World Bank President: From ‘Who’ and ‘How’ to ‘for What’!

With the formal process of selection of a new World Bank President kick-starting in a week’s time, it’s imperative to ha...

Blog International Finance

Article

The Davids and the World Bank!

“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolutio...

Blog

Article

Demonetisation: Lest we Forget

Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, seco...

Blog Demonetisation Indian Economy

Article

Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors

Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India...

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March 5, 2020

Joe Athialy

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 the financial world, which hitherto enjoyed absolute immunity for whatever consequences their lending led to...

Blog International Finance Tata Mundra Ultra Mega Project World Bank

Article

January 24, 2020

Joe Athialy

It’s not just an energy issue; it’s also a justice issue

15 years back power sector witnessed a huge expansion. Between 2005 and 2011, thermal projects with 700 GW were given either TOR or EC by the government in around 570 projects, with estimated investments of Rs. 35 trillion. 15 years later, the realisation of those projects are less than 50%, leaving...

Blog Energy Renewable

Article

February 7, 2020

Joe Athialy

Road Paved for FRDI 2.0

The announcement by Finance Minister Nirmala Sitharaman yesterday (Nov 15) that the government is planning to increase the deposit guarantee limit from the existing Rs 1 lakh is a confirmation of the rumours/reports going around for some time that the government wants to bring back the Financial Res...

FRDI Indian Economy National Financial Institutions NFIs

Article

February 7, 2020

Joe Athialy

It’s wrong steroids, Finance Minister! It will only kill the economy!!

The press conference addressed by the Finance Minister Nirmala Sitharaman yesterday (Aug 23) is an indication that finally, the government acknowledges that the economy is crumbling and nearly hitting the rock bottom. That a 5 trillion dollar bubble can burst within two months of announcing it in th...

Blog Demonetisation Indian Economy National Financial Institutions NFIs NPAs

Article

April 13, 2019

Joe Athialy

The Economics Of Julian Assange’s Arrest

Yesterday Julian Assange, co-founder of Wikileaks, was arrested from the Ecuadorian Embassy in London, where he took refuge seven years back, after the Ecuadorian government’s withdrawal of asylum. Interestingly, exactly a month back, on March 11, Ecuador clinched a $4.2 billion deal with the Intern...

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Article

March 6, 2019

Joe Athialy

Wake Up World Bank

Absolute immunity leads to impunity, and that foments lack of transparency and the reluctance to be held accountable Over three decades back, it looked quite impossible to ask the World Bank to review a project approved by them, and to have a complaint mechanism inside the Bank. Yet, the struggle of...

Coverage International Finance International Finance Corporation International Finance Institutions

Article

February 1, 2019

Joe Athialy

New World Bank President: From ‘Who’ and ‘How’ to ‘for What’!

With the formal process of selection of a new World Bank President kick-starting in a week’s time, it’s imperative to have a view beyond this selection, now that the dust of Jim Kim’s sudden resignation has settled down. That the process of this selection should be transparent and inclusive goes uns...

Blog International Finance

Article

December 24, 2018

Joe Athialy

The Davids and the World Bank!

“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolution establishing the Inspection Panel. Over the next 25 years, the Panel forged a legacy as the prototype for international financial organizations to hold themselves accountable. To...

Blog

Article

February 7, 2020

Joe Athialy

Demonetisation: Lest we Forget

Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day during the first anniversary did mention about that while blogging about ...

Blog Demonetisation Indian Economy

Article

February 23, 2026

Joe Athialy

Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors

Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has been a recipient of significant funds from different multilateral and bilateral sources. While each of these l...

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