Over 200 civil society groups call for suspension of IFI loans to Myanmar following military coup
Inclusive Development International joined over 200 civil society organizations from Myanmar and globally in urging international financial institutions like the World Bank, International Finance Corporation and Asian Development Bank to immediately freeze loans and other financial assistance to Myanmar in light of the recent military coup. The statement calls on the international financial institutions […]
Bowing to public pressure, Rizal becomes first bank in Philippines to exit coal
Rizal Commercial Banking Corporation (RCBC) made the announcement after years of pressure from climate activists in the Philippines and an investigation of the bank’s practices by one of its most prominent shareholders, the World Bank Group’s International Finance Corporation. “[N]o more coal. I’ll say that slowly: no more coal,” said the bank’s president and CEO, Eugene Acevedo, at […]
World Bank-Backed Rio Tinto-Alcoa Joint Venture Relocates Guinean Village During Covid-19 Lockdown
While communities across Guinea were under Covid-19 shelter-in-place orders, a joint venture owned by mining giants Alcoa and Rio Tinto relocated more than a hundred families to expand its sprawling bauxite mine. Residents of Hamdallaye village in the Boké region of Guinea, who have been seeking redress for the loss of their ancestral farmlands and […]
Joint Call for Greater Transparency and Consultation in the IFC/MIGA Accountability Review
(October 25, 2019) – Inclusive Development International and 74 global partners submitted a joint statement to the World Bank Group’s Board of Directors, expressing concerns about the lack of transparency and external stakeholder engagement in the accountability framework review of the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).
Five leading advocacy organizations withdraw planned hydropower session at World Bank Annual Meetings after the Bank refuses to participate
JOINT STATEMENT Every year at its Annual General Meetings, the World Bank hosts a “Civil Society Policy Forum” (CSPF) in order for the Bank to learn from and dialogue with civil society organizations. This year our organizations — the Center for International Environmental Law, Bank Information Center, International Rivers, Inclusive Development International and Green Alternative- […]
Opinion: Can the World Bank clean up its fossil fuel problem? | Devex
The IFC’s Green Equity Strategy could be a pivotal engine for transformation — if it truly rises to the challenge. Inclusive Development International’s David Pred and Bank Information Center Europe’s Nezir Sinani explain. READ FULL ARTICLE ▶
Not just dirty, but deadly: Can the World Bank clean up its fossil fuel problem?
Commentary: The World Bank’s International Finance Corporation has laid out a new proposed strategy to address concerns regarding the climate impacts of its $50 billion financial intermediary portfolio. It’s a step in the right direction. But given the urgency of the climate crisis, the world’s leading multilateral development institution should be doing more to hasten […]
Free at Last: Charges Against Indigenous Land Rights Defender & Former World Bank Inspection Panel Translator Dropped
Today, charges against Pastor Omot Agwa, an indigenous land rights defender from the Gambella region of Ethiopia, were finally dropped by an Ethiopian court. In March 2015, Pastor Omot was arrested in Addis Ababa while attempting to travel to Kenya to attend a food security conference. For six months, he was detained without charge, denied access to […]
World Bank fuels land grabs in Africa through shadowy financial sector investments
The World Bank Group has indirectly financed some of Africa’s most notorious land grabs, according to a new report by Inclusive Development International and other watchdogs. The World Bank’s private-sector arm, the International Finance Corporation (IFC), is enabling and profiting from these projects by outsourcing its development funds to the financial sector. The report, Unjust […]
World Bank accused of funding Asia ‘coal power boom’ – News from Al Jazeera
Rights group says Bank indirectly financed coal projects despite pledges to cut support over environmental concerns. READ FULL ARTICLE ▶