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International Finance Corporation
October 12, 2025
Crucial Facts Concealed During Court Hearings on Tata Mundra: CAO Report. Communities Still Await Remedy as IFC Walks Away from Its Obligations
Press Statement | 10.10.2025Crucial Facts Concealed During Court Hearings on Tata Mundra: CAO Report Communities Still Await Remedy as IFC Walks Away from Its Obligations Kutch, Gujarat: The Compliance Advisor Ombudsman (CAO) concealed crucial evidence of International Finance Corporation’s (IFC) fa...
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April 16, 2025
IFC ends investment in waste-to-energy incineration projects in Gujarat, India, following civil society campaign
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead. On 17 February, the International Finance Corporation (IFC), the World Bank’s private sector arm, confirmed it will not provide a planned $40 million loan to su...
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Victory for public health and the environment! The International Finance Corporation (IFC) withdraws from the proposed investment of USD 40 million for four waste incineration plants in Gujarat, India.
SOLIDARITY PRESS RELEASE February 21, 2025 – In a major victory for communities, environmental groups, and civil society organisations (CSOs) who have been fighting against the proposed toxic and polluting Waste-to-Energy (WTE) incineration projects in Gujarat, India, the International Finance Corpo...
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November 10, 2023
Demanding Accountability: Joint Statement in Response to Reports of a Child Sexual Abuse Cover Up at the World Bank
October 19, 2023 The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International Academies in Kenya, and allegations that the World Bank’s International Finance Corporation (IFC) for years turned a blind eye to the abuse. ...
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April 26, 2022
Case Against IFC at US Supreme Court: Disappointed with the outcome; Quest for Justice Continues
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. April 26, 2022 New Delhi:  Last evening India time, the U.S. Supreme Court denied a petition from a fishing community from the coast at Mundra, Gujarat whose livelihoods have been destroyed by Tata ...
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October 13, 2021
World Bank’s Doing Business Report is Just the Tip of the Iceberg!
In September, the World Bank announced that it would discontinue the publication of the Doing Business Report and Ranking (DBR). This overdue decision came after a series of internal audits and an investigation that revealed serious ethical improprieties, conflicts of interest inherent in the Bank’s...
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