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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Procedures for World Bank’s new accountability mechanism lacks transparency and inclusivity In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were added to the Inspection Panel. Accordingly, a new accountability mechanism – an …

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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 …

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

Big Push for the Development of Hydropower in India

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.

Around 90 CSOs and Social Movements to Organize Thematic Workshops Parallel to AIIB’s Third AGM in Mumbai

Press Note | June 14, 2018  Around 90 CSOs and Social Movements to Organize Thematic Workshops Parallel to AIIB’s Third AGM in Mumbai Raising the serious issues of social and environmental costs in infrastructure projects, its economic burden on public and financial non-viability, Civil Society Organisations and social movements are set to organize a three day convention on Infrastructure Financing from June …

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Transport and International Financial Institutions: Rajendra Ravi

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.

Smart Cities and International Financial Institutions

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.