Friday, April 28, 2006

PDF versions are available in the below links.

Issue brief on IFC and MIGA: "Private Sector and Lending and the World Bank Group."

Issue brief on EIR: "World Bank and Extractive Industries Review - Lessons Learned (and promptly ignored)."

Issue brief on IFC Performance Standards: "The International Finance Corporation's Performance Standards - the new 'gold standard' or 'fool's gold'?"

Policy brief on EDC: "Export Development Canada and Human Rights - Risk or Rights?"

World Bank Fund Suspension in Chad: Local Implications for AIDS Work
The Chadian government recently amended their Petroleum Revenue Management Law for the Chad-Cameroon pipeline by removing the 'future generations fund' (10% of direct oil revenues are placed in an account for future use) to be able to access more oil revenues. This was due to a recent change in national priorities in favour national security and territorial administration, away from such issues as health care. The World Bank perceived this change as unacceptable and in January 2006 suspended their $124 million loan for eight active projects in Chad (See Issue Update Vol. II, No. 1). Three days of talks between the Chadian government and the Bank ensued. The discussions covered Chad's social spending and its critical budget shortfall, as well as the increases in border security to tackle the influx of refugees coming from the Darfur region of Sudan. Despite the changes made by the Chadian government, the Bank has maintained its suspension, and plans 'to safeguard the oil revenues intended for poverty reduction programs included in its original agreement with Chad.' A way forward is not clear.

February 28, 2006

The Honourable James Flaherty
Minister of Finance
Department of Finance Canada
140 O’Connor Street
Ottawa, ON K1A 0G5

Dear Minister Flaherty:

On behalf of the Halifax Initiative Coalition, I would like to congratulate you on your recent appointment as Minister of Finance. Over the past ten years, the Halifax Initiative has developed a good working relationship with the Department of Finance, and in the coming years we hope to strengthen this relationship.

Click here for pdf of "Moving Beyond Voluntarism,"

NGOs welcome changes to policies at Export Development Canada - Implementation still a concern

November 8, 2005

Stale Government Response to SCFAIT Mining and Human Rights Recommendations
"Balderdash!" summed up New Democratic Party MP Ed Broadbent's thoughts on the government's response to a set of recommendations made by the Standing Committee on Foreign Affairs and International Trade (SCFAIT) on the issue of Mining and Human Rights. Although the Government's response, released October 18th, acknowledged a need for action to address the often devastating impacts of the mining sector, it dismissed the majority of the Committee's recommendations. Citing a number of challenges that prevent more concrete action, the government focused on purely voluntary measures.

Urgently Needed: Mining Ethics

Government fails to take action: Human rights and environmental abuses abroad go unchecked