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November 20, 2018
Civil Society Groups Welcome IFC Coal Plan but Push for More
NUSA DUA, Indonesia — Civil society groups have welcomed a move by the International Finance Corporation to transition the financial institutions it invests in away from supporting coal projects — but some say it is too little too late. In an op-ed for Devex on Monday, the head of the World Bank’s p...
Article
November 20, 2018
Banks on the Brink
The unprecedented crisis in the Indian banking sector, which has brought banks’ lending operations to a virtual standstill, means that they can do little to help the economy, which is buffeted on multiple fronts. The filing for bankruptcy by Lehman Brothers on September 15, 2008, resulted in a st...
Article
November 20, 2018
Is the World Bank Group Above the Law?
A fishing community in India challenges the bank’s private-lending arm in the US Supreme Court. The US Supreme Court sits more than 12,000 miles from Tragadi Bandar, the patch of India’s west coast where Budha Ismail Jam has spent most of the past two decades fishing for a living. Jam’s seasonal hom...
Article
November 20, 2018
DNA
Job Losses Loom in Three-Bank Merger
The proposed merger of Vijaya Bank, Dena Bank and Bank of Baroda will lead to closure of branches and job losses. This is “inevitable”, say sources, as both Bank of Baroda and Dena Bank branches overlap in Gujarat and Maharashtra. It has 1,858 branches spread out in Gujarat and Maharasht...
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CFA

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Financial Accountability