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International Finance Institutions
September 10, 2020
World Bank pushing privatisation in fisheries sector through Blue Revolution Program ?
I. Yet another Loan for India for response to the Covid-19 crisis India received yet another external loan for dealing with the Covid 19 crisis. Japan announced an emergency support loan of up to 50 billion yen (almost Rs 3,500 crore) to support India’s response to the Covid-19 crisis, includin...
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September 7, 2020
Time to give Covid burial, not suspend, World Bank’s ‘flawed’ Doing Business ranking
On August 27, 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 Doing Business 2018 and Doing Business 2020 reports, published in October 2017 and 2019. The change...
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August 29, 2020
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 Development Effectiveness initiated a Inspection Panel Toolkit Technical ...
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August 26, 2020
Tata Mundra: Case against IFC dismissed in the lower court. Will move appeal soon
On August 24 evening, a federal court ruled that the World Bank Group cannot be sued for any damage caused by its lending–despite last year’s Supreme Court ruling in the same case that these institutions can be sued for their “commercial activity” in the United States. In Jam v. International Finan...
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July 4, 2020
Indian groups reject World Bank’s concept note for World Development Report 2021: “Data for better Lives”
The annual World Development Report (WDR) is a flagship publication of the World Bank. The 2021 WDR report is in the process of being drafted and is titled “Data for Better Lives”. The Bank has shared the concept note for the Report for comments. As per the concept note, the World Development Repor...
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