Colombia’s thirty-four páramos are unique, high-altitude wetland ecosystems that serve as vital sources of freshwater for nearby inhabitants’ survival. To those who don’t directly rely on a healthy páramo ecosystem for life, however, these highlands have a different draw: precious metals buried deep beneath the surface. Therein lies the problem. In 1994, Greystar Resources Limited, … Read More.
Travelling from India on behalf of the Association for the Struggle for Fishworkers’ Rights or Machimar Adhikar Sangharsh Sangathan (MASS), Dr. Bharat Patel presented how the World Bank Group-funded Tata Mundra Power Plant has affected the community of Gujarat during the World Bank’s annual Spring Meetings. His contributions at the Bank’s meeting of Executive Directors … Read More.
It’s a truism in environmentalism that the farther you are from the impact of your action, the less you know and, for the most part, the less you care. That’s just what the International Finance Corporation (IFC)—the private sector lending arm of the World Bank—has done through its investments in so-called financial intermediaries (FIs). A … Read More.
Today, CIEL, along with Amnesty International, Bretton Woods Project, and International Accountability Project, submitted a letter to the Vice President and CEO of the IFC, Lars Thunell, urging the IFC to respect and protect human rights. What is the IFC? The International Finance Corporation (IFC), the private sector lending arm of the World Bank, lends … Read More.