World without World Bank campaign commences | Press Release

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 …

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Symposium on India’s Engagements and Experiences with Accountability Mechanisms of Multilateral Development Banks

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 …

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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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India paid over 600 crores between 2009-2015 to the IFIs for not using their loans

~ Maju Varghese Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender to a borrower for an unused or un-disbursed loan since it has set aside the funds for the …

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Media Coverage

Netindia123.com: Medha Patkar demands more transparency in ADB projects (May 9, 2017) Webindia123.com: Medha Patkar demands more transparency in ADB projects (May 9, 2017) The Statesman: Call for nationwide protests against ADB's projects in India (May 8, 2017) Business Standard: Medha Patkar demands more transparency in ADB projects (May 8, 2017)  Eenadu: Medha Patkar demands more transparency in ADB …

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