International Accountability Project : World Bank / IMF

World Bank

GMA News TV: Groups seek stronger World Bank investment standards to protect the poor
July 8th, 2010
One of the Philippines' largest news networks carries coverage of IAP and partners, highlighting our call for stronger human rights protections by the World Bank's IFC

ClimateWire: How the World Bank Let 'Deal Making' Torch the Rainforests
August 19th, 2009
The World Bank ignored its own environmental and social protection standards when it approved nearly $200 million in loan guarantees for palm oil production in Indonesia, a stinging internal audit has found.

NY Times: Obama’s Embrace of a Bush Tactic Riles Congress
President Obama signed statements claiming the authority to bypass provisions of bills enacted into law since he took office. Among those statements is a bill expanding assistance to the International Monetary Fund and World Bank.

House Chairs Warn President of Dangers of Signing Statements
The House Committee on Financial Services put out a press release today, directed at President Obama's recent action to approve of the Supplemental Appropriations Act of 2009.

The Observer: Can the IMF now feed the world?
The London G20 summit tripled the resources of the International Monetary Fund and made it a major force again, responsible for saving national economies hit by the global crash. But given its recent track record, will its policies do more harm than good?

Washington Post: IMF emerges from G-20 Summit with vastly redefined & enhanced mission
World leaders at G-20 meeting pledge $1.1 trillion to combat the economic crisis, the bulk of which will be channeled through the Washington-based International Monetary Fund.

Balkan Insight: World Bank Says Albania Project Mistakes Appalling
February 20th, 2009
The World Bank Board of Executive Directors acknowledged in a meeting on Tuesday that a project meant to safeguard Albania's coastal zones was used to selectively demolish parts of a village in southern Albania and leave many families homeless.

Fox News: World Bank Spent More than a Year Covering Up Destruction of Albanian Village
February 9th, 2009
Managers at the World Bank spent almost 2 years trying to cover up a $39 million "coastal cleanup" project that led to the destruction of a village in Albania. Investigation into case reveals systemic pattern of corruption and abuse at the Bank.

Balkan Insight: World Bank Demolished Albania Village
A World Bank project meant to safeguard Albania's coastal zones was used to selectively demolish parts of a village in southern Albania and leave many families homeless, according to an internal report.

World Bank Unfit To Manage Climate Funds
December 9th, 2008
Currently at the climate talks, 142 organizations are discussing the billions of dollars that industrialized countries are required to provide to developing nations to enable them to adapt to the effects of climate change and build low carbon economies.

Uganda dam slammed by World Bank appeals body
December 4th, 2008
An article released by civil society groups including NAPE, International Rivers and Bank Information Center, highlights findings of a World Bank Inspection Panel Report which contests the benefits of the Bujagali Dam.

New study finds that IFI standards fail to address human rights
August 11th, 2008
A review of 60 IFC projects determined that these projects implicated most of the internationally recognized human rights.

US Congress holds hearing on the World Bank
June 18th, 2008
Lori Udall provides testimony to the Financial Services Committee about the importance of the World Bank Inspection Panel, on behalf of IAP and other organizations.