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International Finance Corporation

Role of the World Bank in the Post-2015 Agenda

Raymond C. Offenheiser | Posted 09.28.2015 | Impact
Raymond C. Offenheiser

Beyond its own projects, the Bank could be a game changer by working with governments to ensure they have strong environmental standards and climate friendly investments, and the current review process it is undertaking is just the right opportunity to go in this direction.

Lawsuit Accuses World Bank Arm Of 'Mission Failure'

International Consortium of Investigative Journalists | Michael Hudson & Barry Yeoman | Posted 04.23.2015 | Business

The World Bank Group caused serious harm to fishers, farmers and villagers in northwest India by bankrolling a giant coal-fired power plant on an ecol...

New Report Once Again Shows Danger of MDB Financing for Large Fossil Fuel Projects

Nicole Ghio | Posted 06.21.2015 | Green
Nicole Ghio

Following decades of detrimental overseas coal project financing by MDB, there has been meaningful progress made to secure new policies at MDBs to limit this type of financing. But despite this progress, there are some entrenched interests that refuse to get with the times.

The Suffering of Others

Raymond C. Offenheiser | Posted 06.02.2015 | Impact
Raymond C. Offenheiser

A massive 62 percent of IFC lending now goes not directly to development projects but to third parties. These financial intermediaries then invest in projects like dams, plantations, power plants, or into small and medium enterprises.

Is the IFC Finally Moving Solar Investment Beyond the Grid?

Vrinda Manglik | Posted 04.08.2015 | Green
Vrinda Manglik

Investment in beyond-the-grid clean energy has been growing steadily, albeit with the world's foremost development institution, the World Bank, missing in action.

Achieving Impact in Development Requires the IFC to Learn From Its Failures

Raymond C. Offenheiser | Posted 12.06.2014 | Impact
Raymond C. Offenheiser

Few would disagree that the private sector -- and therefore the IFC -- has a role to play in fragile states. But there are many caveats.

World Bank Group's For-profit Health Investments Fail to Reduce Inequality in Access to Health Care

Raymond C. Offenheiser | Posted 11.10.2014 | Impact
Raymond C. Offenheiser

The IFC's Health in Africa initiative is supposed to be reviewed this year. A tangible result will be a commitment from the Bank in the next few weeks to re-evaluate it under the prism of the Bank's corporate goals and focus on universal health coverage.

New China-Africa Development Fund Could Add Accountability, Transparency to Chinese Investments in Africa

Efraim Chalamish | Posted 08.02.2014 | Business
Efraim Chalamish

This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.

Bankrupting a Nation -- Not the Best Way to Achieve Health Care

Raymond C. Offenheiser | Posted 06.09.2014 | Impact
Raymond C. Offenheiser

This week, as the spring meetings are hosted by the World Bank and International Monetary Fund in Washington, D.C., recent negligent and unaligned behavior from the World Bank's private lending arm, the International Finance Corporation, has garnered attention.

World Bank's Lending Arm Linked To Deadly Honduras Conflict

Kate Woodsome | Posted 01.25.2014 | Politics

The World Bank's private lending arm failed to apply its own ethical standards in disbursing millions of dollars to a palm oil company accused of turn...

Kate Sheppard

World Bank Defies Its Own Coal Policy, Aiding Massive Indonesia Power Plant, Environmental Group Says | Kate Sheppard | Posted 09.25.2013 | Politics

World Bank Group units are aiding the development of a new coal-fired power plant in Indonesia, despite a new bank policy discouraging support for coa...

Economist Jeffrey Sachs makes the case for contract transparency at Annual Meetings of World Bank/IMF

Chad Dobson | Posted 05.25.2011 | Business
Chad Dobson

Co-authored by Rebecca Harris On Wednesday, October 6, the opening of the Civil Society Policy Forum of the World Bank/IMF Annual Meetings, economist...

A Market Solution to Help the World's Poor?

Stephan B. Tanda | Posted 05.25.2011 | World
Stephan B. Tanda

Is there a real business in helping the world's poor? According to the World Resources Institute and the International Finance Corporation, there is.

McKinsey and IFC Add Cost Curve Analysis to Water Debate

Jane Wales | Posted 05.25.2011 | Impact
Jane Wales

Global Water policies need change. Water is quickly becoming more and more scarce around the world and nonprofits and and philanthropists are committed to revolutionizing the way we use water.

Civil Society Sounds Off on IFC Policies in Istanbul

Chad Dobson | Posted 05.25.2011 | Business
Chad Dobson

One German participant summarized: "The IFC places all of the burden of environmental and social safeguards on the client ... The whole world is re-regulating and you should too."

On Current Path, IFC Is Set to Become Bigger Than the World Bank in Five Years

Vijaya Ramachandran | Posted 05.25.2011 | Business
Vijaya Ramachandran

If IFC stays on its current path, its portfolio will become larger than the World Bank in about five years. This is a staggering result for IFC, whose portfolio was in the $2 to $4 billion range less than a decade ago.

Does The White Queen Rule?

Julia Moulden | Posted 11.17.2011 | Healthy Living
Julia Moulden

"The rule is, jam to-morrow and jam yesterday - but never jam to-day." "It MUST come sometimes to 'jam to-day,'" Alice objected. "No, it can't," sai...