IFI

Reacting to the Bloomberg expose published on Friday 30th January, Linda Oduor-Noah, Health Policy Lead at Oxfam International and IFI Policy Adviser said:

This report examines the support to private healthcare provision in India by the World Bank’s private sector arm, the International Finance Corporation (IFC). Despite supporting private healthcare in the country since 1997, no healthcare results for lending and investments have been disclosed since the start of these operations over twenty-five years ago.

This paper examines current and planned IFI energy sector support in Asian climate-vulnerable countries. It shows how this is not yet fit for purpose, and recommends how IFIs can intervene at this critical juncture to give governments the confidence to accelerate the transition to renewable energy for all.

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.

'In terms of a plan to reduce extreme income inequality, we are left empty handed. There has been a lot of talk and a raw sketch of plan of action in the communique, but it’s just a drop in the bucket.”