IFC

Reaction to today’s ruling by the US Supreme Court that the International Finance Corporation (IFC) was not categorically immune from lawsuits under US law.

In “Powering the Transition,” Oxfam details how together, the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank are investing almost $5 billion in fossil fuels in the 10 Asian countries that belong to the Climate Vulnerable Forum.

After years of campaigning by Oxfam and others, the International Finance Corporation announced it will require new financial intermediary clients to publicly disclose their links to coal and will work with them to reduce and potentially drop these investments.

Oxfam's Nadia Daar commented on the Bank and the IMF's progress on climate change, inequality, education, and more.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

The assassination last week of Honduran activist Berta Cáceres – who championed the cause of indigenous land rights – shows that international companies have no place now in continuing their support for the Agua Zarca dam she was fighting against.

The International Finance Corporation has little accountability for billions of dollars’ worth of investments into banks, hedge funds and other financial intermediaries, resulting in projects that are causing human rights abuses around the world.

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.

A billion-dollar flagship scheme to support private sector-led health care in Africa is bypassing poor people and concentrating instead on high-end urban hospitals catering mainly for the rich.

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.