Overlap of Issues on Key Sectors in relations with International Financial Institutions. Smart Cities project will make pockets of the cities exclusive zones high-cost zones, which will again result in the marginalised being excluded into dense low-grade services area.
Category: International Finance Corporation
MASS welcomes the US Supreme Court’s Decision to Hear the Case Challenging World Bank Group Immunity
For immediate release MAAS welcomes the US Supreme Court’s Decision to Hear the Case Challenging World Bank Group Immunity This will be the first time the US Supreme Court will address the scope of international organisations’ immunity. May 21, 2018, Mundra, Gujarat: Machimar Adhikar Sangharsh Sangathan (MASS) and the affected communities by the Tata Mundra …
Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors
By Joe Athialy Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has been a recipient of significant funds from different multilateral and bilateral sources. While each of these lendings came …
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IMF and World Bank: Marching to a G20 Tune?
By Nancy Alexander This year, the G20 Finance Ministers and Central Bank Governors’ Meeting on October 12-13 overlapped with the IMF-World Bank annual meeting on October 13-15 in Washington, DC. As of December 1, 2017, Argentina becomes G20 President with the past and future Presidents (Germany and Japan, respectively) as part of the G20 Troika. …
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Investing in Losses
By Joe Athialy Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand government’s eagerness to buy out all loss-making projects, whether in coal, hydro or steel sectors, collectively a few lakhs of crores of rupees worth? Thermal power projects of about 25,000 …
Budget Session of Parliament: An Overview
By Maju Varghese The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens to participate in controlling the government. The Parliament applies various oversight mechanisms to ensure transparency and accountability in …
Working Group on IFIs 