Joint CSO Statement Calls on IFC and MIGA to Strengthen its New Approach to Remedial Action Policy

Inclusive Development International joins an alliance of civil society organizations to assert that a newly released proposal on remedial action by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) falls short of expectations and fails to provide a comprehensive plan for delivering remedy to affected communities. If IFC and MIGA cannot […]

World Bank client backs out of EACOP after risk assessment

Britam Holdings, a leading East African insurance group and client of the World Bank’s International Finance Corporation (IFC), has decided not to participate in underwriting the planned East African Crude Oil Pipeline (EACOP) after conducting a review of the environmental and social risks involved. This is a major blow to project developers, including TotalEnergies and […]

Watchdog Slams World Bank Group for Helping Bankroll Philippines Coal Boom

MANILA, Philippines – The World Bank Group’s private lending arm, the International Finance Corporation (IFC), violated its own environmental and social protection policies  as it helped bankroll a disastrous coal boom in the Philippines, according to an independent investigation made public today. In its report, the IFC’s internal watchdog, the Compliance Advisor Ombudsman (CAO), calls […]

Pengawas Bank Dunia akan meninjau proyek tambang Dairi Prima Mineral yang berisiko di Sumatra Utara

(Medan, Indonesia) Kantor akuntabilitas independen International Finance Corporation (IFC), yang merupakan anggota Grup Bank Dunia, akan menilai kepatuhan bank terhadap kebijakan lingkungan dan sosialnya sehubungan dengan keterkaitannya dengan proyek pertambangan kontroversial di Sumatra Utara, Indonesia, menurut laporan  terbaru dari Penasihat Kepatuhan Ombudsman. Tambang seng dan timah usulan Dairi Prima Mineral, yang terletak di salah satu […]

World Bank watchdog to review risky Dairi Prima Mineral mine project in North Sumatra

(Medan, Indonesia) The independent accountability office of the International Finance Corporation (IFC), a World Bank Group member, will assess the bank’s compliance with its environmental and social policies in connection with its ties to a controversial mining project in North Sumatra, Indonesia, according to a new report from the Compliance Advisor Ombudsman. The proposed Dairi […]