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The International Financial Institutions (IFIs) Program works to support local communities concerned about projects financed mainly by the World Bank Group and Export Credit Agencies. By promoting principles of transparency and participation, strong policies and procedures and citizen-based accountability mechanisms, CIEL seeks to improve the social and environmental practices of these institutions to promote a more sustainable paradigm of development.
Read recent announcements related to the work of the IFI Program.
How Does CIEL Affect the Policies of International Financial Institutions?
CIEL is one of the leading organizations dedicated to obtaining and maintaining independent citizen-based accountability mechanisms ...
The World Bank Group is a multilateral development bank that provides loans and credits to developing countries to stimulate social and economic development, yet it often support projects that have significant negative social and environmental impacts.
Private
Sector Funding: IFC & MIGA
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) give loans to promote private sector, corporate investment in developing countries, under the theory that such investment will provide economic growth. The IFC and MIGA are not subject to the jurisdiction of the World Bank Inspection Panel, but they are subject to review by the Compliance Advisor/Ombudsman (CAO)...
World Bank Group's Social
and Environmental Policies
The World Bank Group developed most of its social and environmental policies under pressure from civil society in the late 80s when local peoples and international NGOs highlighted problems with various projects...
The World Bank
Inspection Panel
The World Bank Inspection Panel is a quasi-independent mechanism that was created under pressure from non-governmental organizations and donor governments concerned about the Bank’s history of policy violations...
Read about past Claims to the Inspection Panel.
Controversial
Projects at the World Bank
Two of the most egregious recent projects at the World Bank include the China Western Poverty Reduction Project and the Chad/Cameroon Oil Pipeline Project. Both have been the focus of organized debates and protests by a variety of human and indigenous rights groups, and have even alarmed some of the World Bank Group's own member states.
Read "Profiling Problem Projects", a collection of case studies of misguided International Finance Corporation projects.
Export Credit Agencies and Investment Insurance Agencies, commonly known as ECAs, are public agencies that provide government-backed loans, guarantees and insurance to corporations from their home country that seek to do business overseas in developing countries and emerging markets...
International Financial Institutions Publications
Proceed to view CIEL's publications regarding IFIs.
International Financial Institutions Links
Proceed to view CIEL's links regarding IFIs.