Today, nearly 100 civil society organizations from 38 countries are demanding that World Bank Group lending to private corporations be much more responsive to environmental and social concerns.  A letter submitted to the director of the International Finance Corporation (IFC), Lars Thunell, describes that IFC's lack of transparency and supervision, failure to recognize human rights, and inadequate climate change policies, undermine IFC's ability to achieve its poverty alleviation mission. [1]

"IFC is becoming more like a commercial bank, but failing to incorporate lessons learned from the financial crisis in its lending practices. Standards for its clients are less clear, monitoring and supervision reduced, and development outcomes questionable. …read more

Bangladeshi activists, and campaigners from the London Mining Network and the World Development Movement are protesting outside UK coal company, Global Coal Management PLC's AGM today demanding an end to its destructive coal mining operation in Bangladesh. The meeting will be held at 10.00 a.m. at…read more

For immediate release

Over 100 civil society organizations from 31 countries are calling on financial backers to withdraw their support of the Phulbari coal project in Bangladesh, citing egregious human rights abuses and environmental concerns associated with the project. Today, a letter…read more