International Finance Corporation
Fifty one of the 68 companies that were lent money by the World Bank’s private lending arm in 2015 to finance investments in sub-Saharan Africa use tax havens, Oxfam revealed today.
Oxfam reacted to the World Bank's appointment of Philippe Le Houérou as CEO of their private sector arm, the International Finance Corporation.
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.