A seminar on World Bank & International Finance: Legacy, Lessons & Current Struggles organized by Working Group on IFIs. 21st April 2022; New Delhi: A seminar was organised on the theme “World Bank & International Finance: Legacy, Lessons & Current Struggles” by the Working Group on IFIs and Financial Accountability Network as a part of …
Continue reading World without World Bank campaign commences | Press Release
World Without World Bank Date: 21st April, 2022 Venue: Seminar Hall II, Kamla Devi Complex, India International Centre, New Delhi Theme: World Bank & International Finance: Legacy, Lessons & Current Struggles Register to attend: https://forms.gle/AfGiUHjVjZCXgGGz8 Introduction The World Bank and IMF are having their Spring Meetings virtually from the 22nd to 24th of April, 2022 …
Continue reading World Bank & International Finance: Legacy, Lessons & Current Struggles
Procedures for World Bank’s new accountability mechanism lacks transparency and inclusivity In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were added to the Inspection Panel. Accordingly, a new accountability mechanism – an …
The Inspection Panel is completing 25 years in its role, as an accountability mechanism of the World Bank. As you are aware, the Bank’s failure to comply with its operating policies was seen by the entire world in the Bank’s financing with the Sardar Sarovar Dam project on River Narmada. The tenacity of massive grass-roots uprisings …
It is noteworthy that currently, coal-based power projects are under threat due to lack of coal linkages and power purchase agreements, thus stalling many existing power projects and discouraging many companies from expanding to new coal power projects. This would give a boost to hydropower projects in many regions, especially in the Himalayan regions.
Chennai: June 4, 2018 • Peoples Movements & CSOs to organise Peoples’ Convention on infrastructure financing coinciding the 3rd Annual Governors Meeting of Asian Infrastructure Investment Bank (AIIB) in Mumbai • Determined to challenge the unbridled expansion of infrastructure financing by international financial institutions Posing a challenge to the rapid expansion plans of international financial …
April 9, 2018: 62 Civil Society Groups from four continents issued a public statement to express their concern about the Asia Infrastructure Investment Bank’s (AIIB) ongoing Board meetings in which it is being proposed to empower Bank’s Management to approve some projects. “The forthcoming Board decision to delegate responsibility to AIIB Management to approve its …
Continue reading CSOs Oppose AIIB’s Plan to Allow Management to Approve Projects
Via electronic mail President Jin Asian Infrastructure Investment Bank B9 Financial Street Xicheng District Beijing 10033 People’s Republic of China 19th January 2018 Copied to: Mr Joachim Von Amsberg, Vice President, jvonamsberg@aiib.orgDr. D.J. Pandian, Vice President, djpandian@aiib.org Mr Dong-Ik Lee, Project Team Leader, dongik.lee@aiib.orgMr. Hamid Sharif, Director General, CEIU, hsharif@aiib.org Mr Yuanjing Sun, Principal Communications …
The Asian Development Bank was conceived in the early 1960s as a financial institution that would foster economic growth and cooperation in Asia. India was a founding member of the Asian Development Bank (ADB) and is now the fourth-largest shareholder. ADB commenced operations in India in 1986 and has approved 240 loans totalling $36.8 billion. Asian …
Continue reading 50 years of ADB – The Indian story of resistance
After a Judge declared World Bank immunity cases “wrongly decided,” the communities affected by the Tata Mundra project approach US court to review “absolute immunity” doctrine Communities harmed by Tata Mundra coal power plant in India continue to seek justice from World Bank Group’s International Finance Corporation July 26, 2017, Washington, D.C., and Mundra: After …
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