Over the past six years, the International Finance Corporation has channelled over $50bn to the financial sector. However, the evidence continues to grow that this private sector arm of the World Bank Group has little control over how a great deal of this money is spent.
Increasingly, development money is being channelled through third parties such as banks or private equity funds. This report tells the human story behind the high finance and statistics.
The Health in Africa initiative of the International Finance Corporation, which promotes private sector healthcare delivery, is extremely unlikely to deliver better health outcomes for poor people.
