A new report by Coalition members Accountability Counsel, Bank Information Center, Inclusive Development International, and Urgewald, together with 11.11.11, Ulu Foundation, and Tarkapaw Youth Group, reveals harmful, hidden investments by the International Finance Corporation, the private sector arm of the World Bank, throughout Southeast Asia. The report chronicles how the IFC uses private intermediaries to outsource its financing decisions, thus allocating funds to projects that have not been subject to the IFC’s Performance Standards, which are intended to fully evaluate and guard against environmental and human rights risks. As a result, across Southeast Asia, IFC funding has gone to projects that have already caused serious environmental and human rights damages or that have the potential to do so in the future. For more information, read the report here.
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If you are in #Tbilisi, don't miss this beautiful art exhibition organised by @forum_adb showcasing some of the stories of communities across #Asia impacted by @ADB_HQ projects
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🌍 Join us for an insightful session on protecting people and the planet!
🌿 Forum is shedding light on CSO reflections regarding the @ADB_HQ Draft ESF and proposed changes in safeguards policy.
We'll discuss recommendations to safeguard project-affected individuals and…
🎨✨ In TBILISI now!
🌊 Explore a preview of our exhibition exposing the link between environmental degradation, social injustice, and human rights violations caused by @ADB_HQ projects.
With @ceebankwatch, @RightsinDevt, Green Alternative ✊🏽
Can't make it? No worries, catch…
The Lower Sesan 2 Dam is being partly funded by ABBank, a financial intermediary (FI) client of the @IFC_org. Financial intermediaries represent the nexus between development finance and commercial banking.
Read about the Lower Sesan 2 Dam Project here: http://bit.ly/IFC_LowerSesan2
