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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.
At the Kharghar meeting on IFIs in India, Civil Society researchers discussed Understanding IFIS – Investments, intelligence and trends in critical sectors.
Overlap of Issues on Key Sectors in relations with International Financial Institutions. IN Transport, the emphasis seems to be on high-cost travel and with pricing systems that push the poor into more inconvenient modes.
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.
Ulka Mahajan on the Context of the Role of IFIs in the Development Agenda
Shalmali Guttal, Focus on the Global South, discusses the IFIs, PPPs, Infrastructure, and Economic Development.
Seminar on the Role of Infrastructure Finance and Newer Development Banks
Peoples’ Convention on Infrastructure Financing
A peoples’ response to AIIB’s Annual Meeting
A seminar is being organised on the Role of Infrastructure Finance and Newer Development Banks on the 7th of June at Gandhi Peace Foundation at 2:00PM. The seminar is being organised by the Delhi chapter of the Working Groups on International Financial Institutions. It will be a build-up to the larger People’s Convention of Infrastructure Financing that is being organised in Mumbai (21st-23rd June) as a counter to Asia Infrastructure Investment Bank’s 3rd Annual Meeting (25th-26th June).
As the youngest multilateral development bank on the bloc, AIIB will be using its meeting to project itself as a complementary entity to the already established developmental institutions rather than as a competitor. Civil Society cannot let this Annual Meeting happen without raising critical concerns about a growth-led development that AIIB purports to prioritize. The People’s Convention on Infrastructure Financing is a window of opportunity for peoples’ movements to disrupt AIIB’s alleged priorities by holding them accountable, transparent, and responsible with their investments.
The People’s Convention will bring together groups and affected communities from across the country to discuss their vision of development. The Convention will also share stories of resistance and alternate visions on development along with demanding constitutional guarantees regarding meaningful and informed consultations and rights of communities in planning and development. Various workshops will be held on urban development, transportation, coastal protection and coastal communities, sustainable energy and equity, against privatization along with groups monitoring financial institutions and their policies and projects in the country.
The seminar in Delhi hopes to address, discuss, debate various issues related to the infrastructure financing and the role of international financial institutions. The following are the themes that the talk will cover:
- Role of IFIs with a focus on the New Development Banks
- Geopolitics influences international financing.
- Questions around Infrastructure finance
Venue: Gandhi Peace Foundation, Pragati Maidan, New Delhi-110001.
The seminar will be addressed by:
- Soumya Dutta (PAIRVI)
- Sridhar Ramamurthy (ENVIRONICS)
- Rajendra Ravi (NAPM).