By Tani Alex The World Development Report (WDR) is the World Bank’s development research and policy review report published annually. Started by IBRD since 1978, this report is intended to provide deep and extensive analysis on one particular aspect of economic development, every year. The solutions and policy messages brought out in this report is …
Continue reading Humanity Absent from World’s most Acclaimed Development Report
For Immediate Release Peoples Movements and Civil Society Organisations Welcome the US Supreme Court’s Decision on the Absolute Immunity of the IFIs March 1, 2019, New Delhi: Peoples movements and civil society organisations from across India welcomes the US Supreme Court’s landmark judgement that ends the absolute immunity of the international organisations like the World …
This is the first time the US Supreme Court has addressed the scope of international organisations’ immunity February 28, 2019, Mundra, Gujarat: Machimar Adhikar Sangharsh Sangathan (MASS) and the affected communities by the Tata Mundra Ultra Mega Project welcomes the historic decision of the US supreme court which ruled that international organizations like the International Finance Corporation …
For Immediate Release February 27, 2019 Delhi: New Delhi: In a historic 7-1 decision, the U.S. Supreme Court decided in Jam v. IFC that international organizations like the International Finance Corporation of the World Bank Group do not enjoy absolute immunity. The Court’s decision marks a defining moment for the IFC – the arm of the World …
Continue reading Historic Supreme Court Win: World Bank Group Is Not Above The Law
25 years of Inspection Panel has a special significance for India, having played a key role in its formation. As in the case of all safeguard and other policies, the independent accountability mechanisms (IAMs) of multilateral development banks are also a result of the valiant struggle fought by the communities affected of various projected financed …
Continue reading Case Study on India’s Experience with Independent Accountability Mechanisms
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 …
The Asian region has experienced the emergence of new MDBs over last few years. For many years, the Asian Development Bank was the only development bank in the region and has been dominated by the Japanese owing to the number of votes it has as compared to other members. However, the newly constituted NDB in …
“AIIB has created a superstructure, an ecosystem which acts as a complex web of shining terminologies and projects to attract investments, which actually is a smoke screen to hide the fact that there’s no human development happening” senior activist Medha Patkar said in her speech.
Senior activist Ulka Mahajan of Sarvahara Jan Andolan said, “The infrastructure that is being developed is not what people demand, but it is what global capital demands. The international financial institutions are promoting corporate interests over that of people and also pushing the states to the financial debt. On the one hand, the Maharashtra government …
Continue reading The Infra being Pushed is not what the People Demand
Skeletal of Himanshu Damle's Presentation on AIIB and Blue Economy in Mumbai during the Peoples’ Convention on 22nd June 2018 Main features in AIIB Financing investments in regional members supports longer tenors and appropriate grace period mobilize funding through insurance, banks, funds and sovereign wealth (like the China Investment Corporation (CIC) in the case of China) …
Working Group on IFIs 