Posts – Centre for Financial Accountability

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 A...

Article

The Tata Mundra Case: Communities vs. IFC

Fishing and farming families in Gujarat took on the International Finance Corporation (IFC), the World Bank Group’s pr...

Tata Mundra Ultra Mega Project

Article

Tata Mundra: A Project Awaiting Settlement

Tata Mundra Project (Coastal Gujarat Power Limited – CGPL – a subsidiary of Tata Power), is a 4,000 megawatt power...

General International Finance Publications Tata Mundra Ultra Mega Project

Article

Response to the Cost and Benefit Analysis of the Asian Development Bank Accountability Mechanism by the Asian Development Bank

At the very outset, we would like to appreciate ADB in doing this analysis and sharing the information publicly. The c...

Asian Development Bank General International Finance Tata Mundra Ultra Mega Project

Article

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...

Climate Finance Coal Energy General International Finance Corporation Statements Tata Mundra Ultra Mega Project

Article

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

Submissions in the case on the disastrous Tata Mundra power plant project demonstrate that immunity decision in the US S...

General Press Releases Tata Mundra Ultra Mega Project

Article

ADB’s Compliance of its Safeguard Policies in the Tata Mundra Project

This is a critical look at ADB’s compliance of its safeguard policies in the Tata Mundra project and the failure o...

Asian Development Bank General Publications Tata Mundra Ultra Mega Project

Article

The World Bank Group’s Uncounted

The Tata group, one of India’s largest conglomerates, promised to be a good neighbor when it took on the job of building...

Tata Mundra Ultra Mega Project

Article

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 lendi...

International Finance International Finance Corporation International Finance Institutions Press Releases Tata Mundra Ultra Mega Project

Article

Another breach at sasan UMPP; Will financiers be held accountable?

Local group Srijan Lokhit Samiti along with other CSO’s write to the US Exim Bank demanding accountability for financin...

Projects In Focus Sasan Ultra Mega Power Project

October 12, 2025

CFA Admin

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...

General International Finance International Finance Corporation Press Releases Tata Mundra Ultra Mega Project

Article

September 18, 2025

CFA Admin

The Tata Mundra Case: Communities vs. IFC

Fishing and farming families in Gujarat took on the International Finance Corporation (IFC), the World Bank Group’s private-sector lending arm, for funding the destructive Tata Mundra Ultra Mega Power Plant. The project devastated local livelihoods, fishing, farming, salt-panning, and animal reari...

Tata Mundra Ultra Mega Project

Article

March 19, 2025

CFA & Machimar Adhikar Sangharsh Sangathan

Tata Mundra: A Project Awaiting Settlement

Tata Mundra Project (Coastal Gujarat Power Limited – CGPL – a subsidiary of Tata Power), is a 4,000 megawatt power plant developed on over 1250 hectares of land near the village Tunda-Wand, in Kutch district (India’s largest district with an area of 45,652 km2) of Gujarat state. A consortium o...

General International Finance Publications Tata Mundra Ultra Mega Project

Article

January 25, 2025

CFA Admin

Response to the Cost and Benefit Analysis of the Asian Development Bank Accountability Mechanism by the Asian Development Bank

At the very outset, we would like to appreciate ADB in doing this analysis and sharing the information publicly. The costs We are astonished by the fact that $5 mn (2023 prices) was spent on the project since the complaint was filed with CRP until it was closed prematurely in 2018. The expenses l...

Asian Development Bank General International Finance Tata Mundra Ultra Mega Project

Article

April 26, 2022

CFA Admin

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 ...

Climate Finance Coal Energy General International Finance Corporation Statements Tata Mundra Ultra Mega Project

Article

February 18, 2022

CFA Admin

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

Submissions in the case on the disastrous Tata Mundra power plant project demonstrate that immunity decision in the US Supreme Court has broad and dangerous consequences. February 17, 2022, New Delhi – This week, prominent economic, legal, diplomatic, and civil society experts – including Joseph S...

General Press Releases Tata Mundra Ultra Mega Project

Article

July 16, 2021

CFA Admin

ADB’s Compliance of its Safeguard Policies in the Tata Mundra Project

This is a critical look at ADB’s compliance of its safeguard policies in the Tata Mundra project and the failure of the Compliance Review Panel (CRP) process. 8 years after people complained to CRP and 6 years after their report, people are left disempowered, where communities approached all p...

Asian Development Bank General Publications Tata Mundra Ultra Mega Project

Article

June 1, 2021

CFA Admin

The World Bank Group’s Uncounted

The Tata group, one of India’s largest conglomerates, promised to be a good neighbor when it took on the job of building the nation’s first “ultra mega” coal-fired power plant. The plan was to build the plant along the Gulf of Kutch, an inlet of the Arabian Sea that provides a living for fishing cla...

Tata Mundra Ultra Mega Project

Article

August 26, 2020

CFA Admin

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...

International Finance International Finance Corporation International Finance Institutions Press Releases Tata Mundra Ultra Mega Project

Article

May 8, 2020

CFA Admin

Another breach at sasan UMPP; Will financiers be held accountable?

Local group Srijan Lokhit Samiti along with other CSO’s write to the US Exim Bank demanding accountability for financing the disastrous Project On April 10, 2020, the fly ash dam for the Sasan coal plant in Singrauli Madhya Pradesh burst, causing a flood of toxic waste which ran through adjacent...

Projects In Focus Sasan Ultra Mega Power Project

Article

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Projects In Focus

Crucial Facts Concealed During Court Hearings on Tata Mundra: CAO Report. Communities Still Await Remedy as IFC Walks Away from Its Obligations

The Tata Mundra Case: Communities vs. IFC

Tata Mundra: A Project Awaiting Settlement

Response to the Cost and Benefit Analysis of the Asian Development Bank Accountability Mechanism by the Asian Development Bank

Case Against IFC at US Supreme Court: Disappointed with the outcome; Quest for Justice Continues

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

ADB’s Compliance of its Safeguard Policies in the Tata Mundra Project

The World Bank Group’s Uncounted

Tata Mundra: Case against IFC dismissed in the lower court. Will move appeal soon

Another breach at sasan UMPP; Will financiers be held accountable?

Crucial Facts Concealed During Court Hearings on Tata Mundra: CAO Report. Communities Still Await Remedy as IFC Walks Away from Its Obligations

The Tata Mundra Case: Communities vs. IFC

Tata Mundra: A Project Awaiting Settlement

Response to the Cost and Benefit Analysis of the Asian Development Bank Accountability Mechanism by the Asian Development Bank

Case Against IFC at US Supreme Court: Disappointed with the outcome; Quest for Justice Continues

Nobel Prize-Winning Economist Joseph Stiglitz and Others Urge the US Supreme Court to Review World Bank Group Immunity in the Tata Mundra Finance Case

ADB’s Compliance of its Safeguard Policies in the Tata Mundra Project

The World Bank Group’s Uncounted

Tata Mundra: Case against IFC dismissed in the lower court. Will move appeal soon

Another breach at sasan UMPP; Will financiers be held accountable?

CFA