Jun 26, 2018
200 groups gathered in Mumbai criticize Asia Infrastructure Investment Bank (AIIB) as following same paradigm as traditional IFIs, promoting corporate globalisation and neoliberal economic reforms that benefit elite at the cost of the poor.
Read the complete Mumbai Resolution on Infrastructure Financing in English here.
May 22, 2018 by CHRD
As the African Development Bank (AfDB) meets in Busan, South Korea from May 21-25 to discuss Industrialising Africa, Civil society Organisations (CSOs) from across the continent red flagged the Bank’s steer towards mega investments without a clear action plan for human centred inclusive development.
Sep 27, 2017 by CHRD
On September 26, 2017, the Coalition for Human Rights in Development co-hosted a ‘Demystifying Development Banks’ webinar with a special focus on Asia, where many countries have been shown to be among the most dangerous for human rights and environmental defenders who confront infrastructure “Webinar: Demystifying Development Banks in Asia”
The ninth annual BRICS summit, was held last 3–5 September 2017 in Xiamen, China and was attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. In the BRICS Leaders Xiamen Declaration, BRICS leaders encouraged the NDB to fully le “BRICS Leaders encourage NDB to fully leverage its role & enhance coop. w/WB & AIIB”
Two of the primary backers of the Agua Zarca hydropower dam project in Honduras have officially announced their exit from the project following years of campaigning by local indigenous groups and criticism from international civil society organizations. In a press release issued on July 6, the D “FMO and Finnfund officially withdraw from Agua Zarca project”
Feb 14, 2017 by CHRD
This week 32 organizations called on the World Bank Board of Directors to urge them to ensure that the Bank takes all measures necessary to remedy harm caused to four Maasai villages displaced to make way for the Olkaria IV geothermal project in Kenya. The Kenya Electricity Expansion Project (KEEP) “Organizations call on the World Bank to Protect Indigenous Rights”
Honduran social movements and indigenous peoples organizations this week called on the World Bank to in light of persistent attacks on human rights defenders, suspend financing in Honduras “until there are minimally just and realistic conditions for indigenous and small farming “Honduran Social Movements Urge World Bank to Stop Fueling Human Rights Violations”
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 “First BRICS bank loans spark debate over environmental protection”
Apr 12, 2016 by members
As government ministers from Brazil, Russia, India, China and South Africa gather in Washington, DC for the third board of governors meeting of the BRICS New Development Bank (NDB) April 13 and 14, civil society groups in BRICS countries appealed to their governments and NDB management to operate “Civil society groups express great concern over BRICS Bank”
Feb 02, 2016 by CHRD
Yesterday, the U.S. Congress passed the Electrify Africa Act, promoting investment in access to electricity in sub-Saharan Africa. The Electrify Africa Act in part formalizes Power Africa – a U.S.- led initiative to work with African governments, the World Bank, African Development Ba “US government moves forward with Power Africa funding”
Jan 28, 2016 by members
January 28, 2016 – African civil society organizations called on African governments and public and private financiers today to find socially and environmentally sustainable solutions to Africa’s energy needs. The statement, signed by groups from 10 countries, was issued to coi “African Civil Society Groups Call for Socially and Environmentally Sustainable Energy Development”
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 “World Bank cancels road project amid allegations of sexual abuse”