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Story Of Kamalanga Project is the Story of Weak Accountability MechanismsĀ
Thirteen years after communities from Odishaās Dhenkanal district filed a complaint at the International Finance Corporationās (IFC) accountability mechanism
Thirteen years after communities from Odishaās Dhenkanal district filed a complaint at the International Finance Corporationās (IFC) accountability mechanism
In another week, on June 2, Ajay Banga will take over as the 14th president of the World Bank Group, the all-menās club, except for Kristalina Georgieva, who had become World Bankās acting president...
Express disappointment over the proposed approach paper which is not only narrow in its approach but it does not deliver remotely on remedy or even reflect IFCās and MIGAās intent for accountability.
The World Bankās private sector arm, the International Finance Corporation (IFC), plays a significant role in influencing private financial flows. As the ālargest global development institution focused on the private sectorā, the IFC aims...
The International Finance Corporation (IFC), the private sector arm of the World Bank, is to stop supporting new coal projects, a move described by campaigners as welcome but long overdue.
The IFC has reportedly lent close to $5 billion to almost 88 financial institutions in India
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
Previous policy allowed the IFCās financial clients to support new coal projects as long as they exited coal by 2030, but the new update explicitly rules out new coal.Ā
Landmark corporate accountability case resulted in critical reforms for the World Bankās lending arm. Today, the U.S. Supreme Court denied a petition from a fishing community in India whose livelihoods have been destroyed by...
We are posting these snippets at a time when the mega yearly rituals of the World Bank and IMF a.k.a the Annual General Meetings, have ended and the balance of payment crisis in Sri...
Note to the readers: This is a mildly edited transcript of the talk given by the author at the World Without World Bank Campaign Week in 2021 at a panel titled āPrivatisation, Commodification and...
Landmark corporate accountability case resulted in critical reforms for the World Bankās lending arm. April 26, 2022 New Delhi:Ā Last evening India time, the U.S. Supreme Court denied a petition from a fishing community...
AĀ new reportĀ released today by Centre for Financial Accountability India and Recourse reveals how Indiaās 7th largest commercial bank ā Federal Bank Limited ā has turned its back on new coal. The bank receivedĀ a $126...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows.
IFCās āApproach to Greening Equity in Financial Institutionsā (Green Equity Approach or GEA), which IFC piloted in 2019 and published in September 2020, commits the IFC to end equity investments in financial institutions that...