Policy gaps allow World Bank Group to indirectly finance captive coal
Laborers in the nickel industry in Indonesia Morowali Industrial Park (PT. IMIP), by Esa Setiawan/ Trend Asia. A new analysis, published today by Recourse, Trend Asia and Inclusive Development International, demonstrates that publicly-funded Multilateral Development Banks are at risk of funding a wave of ‘captive’ coal expansion in climate-vulnerable countries, despite commitments to shift funds […]
The Asian Development Bank is backing new coal, despite climate pledges
A range of new coal power projects, including the 2,000-megawatt expansion of Southeast Asia’s largest and dirtiest coal plant, are getting backing from the Asian Development Bank (ADB), according to a new report from the environmental and human rights groups Inclusive Development International, Recourse, Trend Asia and the NGO Forum on ADB. Inclusive Development International […]
New Guide For Making Accountability Mechanisms More Effective
The Good Policy Paper: Guiding Practice from the Policies of Independent Accountability Mechanisms, published today, is a roadmap for financial institutions setting up new independent accountability mechanisms (IAMs), as well as a tool for existing IAMs to evaluate the effectiveness of their current policies. The Good Policy Paper examines the policy provisions currently in place […]
ADB Compliance Review Panel calls for urgent action to help families living along the railway
(Phnom Penh) – The Asian Development Bank (ADB)’s Compliance Review Panel has released a new report calling upon the bank to “take urgent steps” to address the grievances of families impacted by the ADB-financed project to redevelop Cambodia’s railway who have not yet received resettlement assistance. The Railway Rehabilitation Project has impacted approximately 18,000 people […]
Families Threatened by Cambodia Railway Development Again Seek Justice from the Asian Development Bank’s Accountability Mechanism
(Manila) – Families threatened by the Asian Development Bank-financed project to redevelop Cambodia’s railway have once again filed a complaint to the bank’s Compliance Review Panel about the controversial project. The Railway Rehabilitation Project has impacted approximately 18,000 people living alongside Cambodia’s 642-kilometers of dilapidated railway tracks. At least 1200 families, encompassing approximately 5160 […]
Samoan chiefs to the Asian Development Bank: Hands off our customary land
(Apia) – A group of village chiefs filed an official complaint to the Asian Development Bank (ADB) today, objecting to a series of ADB-backed reforms that could lead to the alienation of customary land. The chiefs are gravely concerned that the reforms, which have been carried out without meaningful consultation of Samoan people, could have […]