It is vital that the NDB develops an inclusive approach of sustainable development in order to differentiate from its more traditional competitors. To this end, SAIIA and Oxfam have reviewed the perspectives of a broad range of stakeholders in South Africa on how South Africa should define sustai
May 20, 2016 – The UN Special Rapporteur on the Rights of Indigenous Peoples and other top UN indigenous peoples experts sent a letter Friday to World Bank President Jim Kim and the Bank’s executive directors, challenging a proposal that would weaken protections for indigenou
From the beginning, the idea of a BRICS-led development bank was seen to be a direct challenge to existing development banks, notably the Western-dominated World Bank and IMF. But what exactly is new about the New Development Bank? Supriya Roychoudhury and Karin Costa Vazquez explains it here.
NDB project funding has been the subject of intrigue and concern among civil society organizations (CSOs) since the bank’s formal launch in Fortaleza, Brazil, in 2014. Yet news of these first ‘green’ loans has done little to ease their fears. The problem, CSOs say, is that since the NDB still lacks a
The Chinese-lead Asian Infrastructure and Development Bank’s first projects will be a highway in Pakistan, a road project in Tajikistan, and a ring road in Almaty, Kazakhstan, according to people with knowledge of the projects and tender documents. All three projects are co-funded with o
In a victory for indigenous and human rights activists, the Central American Bank for Economic Integration (BCIE) announced Friday the suspension of its financing of the Agua Zarca Dam. The Honduras dam project has been a focal point for international attention following the killing of h
A federal district court in Washington, D.C., ruled last week that the International Finance Corporation (IFC), the private lending arm of the World Bank Group, has absolute immunity and thus cannot be sued in the United States. Fishing communities and farmers whose livelihoods are threatened b
South Africa civil society critizes NDB for lack of transparency and social and environmental standards
With the BRICS New Development Bank set to open its regional office in Johannesburg and approve its first set of projects for financing in the next weeks, South African civil society groups raise concerns about lack of transparency or consultation with potentially affected communities. The NDB h
United Nations Special Rapporteur on the situation of human rights defenders, Michel Forst, called upon the Government of Honduras today to “ensure the safety and protection of Gustavo Castro Soto”, a Mexican human rights defender, and to facilitate his return to Mexico as soon as possible. Cast
The World Bank consultation on proposed new social and environmental new safeguards will end one month from today. The Bretton Woods Observer reports how civil society organizations around the world have been calling on the Bank to adopt a strong framework for the protection of human rights.
The Financial Times reports that the World Bank has taken the rare step of cancelling a $265m road project in Uganda amid allegations of mismanagement by the government and sexual abuse of minors by employees working for its contractors. At least nine school-age girls became pregnant. Read the Fin
In a report to the UN General Assembly, United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston, characterizes the World Bank as a “human rights-free zone” and criticizes the institution’s current approach to human rights as “incohere
Huffington Post: An investigation found that since 2004, projects financed by the World Bank have displaced an estimated 3.4 million people. When the populations affected by these development projects protest, they are often subject to arrest, violence, and intimidation. While the World Ban
Civil society groups around the world raise concerns that the Asian Infrastructure Investment Bank (AIIB) is needlessly fast-tracking the development of its safeguard policy, prohibiting meaningful consultation. A strong policy is critical for ensuring communities and the environment are
by Gretchen Gordon and Deepika Padmanabhan. The blog examines the outlook for the recently launched BRICS New Development Bank and efforts by communities and civil society groups to forge a new model of development that respects human rights. You can read the blog on RightingFinance here: http: