International Finance Corporation
However, an interesting twist to the tale is starting to emerge. Major healthcare providers, particularly from India, are
I'll put it the other way: there is a lot that the private sector can do the IFC cannot. As for us, what we can do is that
After decades of dictatorship, mismanagement and isolation, Burma has caught the eye of corporations and investors seeking new markets, opportunities and other links in their supply chains.
Rep. Gwen Moore (D-Wis.) says Flint's lessons are "global."
Beyond its own projects, the Bank could be a game changer by working with governments to ensure they have strong environmental standards and climate friendly investments, and the current review process it is undertaking is just the right opportunity to go in this direction.
The plaintiffs in Jam v. IFC seek compensation for harm to local residents’ livelihoods and a court order enforcing the IFC’s
Following decades of detrimental overseas coal project financing by MDB, there has been meaningful progress made to secure new policies at MDBs to limit this type of financing. But despite this progress, there are some entrenched interests that refuse to get with the times.
Investment in beyond-the-grid clean energy has been growing steadily, albeit with the world's foremost development institution, the World Bank, missing in action.
Few would disagree that the private sector -- and therefore the IFC -- has a role to play in fragile states. But there are many caveats.
The IFC's Health in Africa initiative is supposed to be reviewed this year. A tangible result will be a commitment from the Bank in the next few weeks to re-evaluate it under the prism of the Bank's corporate goals and focus on universal health coverage.
New China-Africa Development Fund Could Add Accountability, Transparency to Chinese Investments in Africa
This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.
This week, as the spring meetings are hosted by the World Bank and International Monetary Fund in Washington, D.C., recent negligent and unaligned behavior from the World Bank's private lending arm, the International Finance Corporation, has garnered attention.
The audit, released Friday by the World Bank’s Office of the Compliance Advisor Ombudsman, says IFC staff underestimated
There have been major protests against the plant in Indonesia. "Around 7,000 villagers who living around the proposed site
Economist Jeffrey Sachs makes the case for contract transparency at Annual Meetings of World Bank/IMF
The development-based argument for contract transparency was further illustrated by the real-life example of the World Bank
Global Water policies need change. Water is quickly becoming more and more scarce around the world and nonprofits and and philanthropists are committed to revolutionizing the way we use water.
One German participant summarized: "The IFC places all of the burden of environmental and social safeguards on the client ... The whole world is re-regulating and you should too."