Civil society organizations demand reform of World Bank Group lending to private corporations

Submission by Civil Society Organizations to the International Finance Corporation

Commenting on The Social and Environmental Sustainability Policy, Performance Standards and Disclosure Policy

11 March 2010
 

Introduction

The undersigned civil society organizations have prepared this joint submission to provide an overview of many of our concerns related to IFC’s Policy on Social and Environmental Sustainability, the Performance Standards, related guidance documents, and the Disclosure Policy. We believe these concerns should be explored and addressed further through IFC’s current consultation and review process.

World Bank Press Release: Friday, July 23, 2004

World Bank Sanctions Acres International Limited

World Bank News Release No: 2005/33/S

WASHINGTON, Jul. 23, 2004 – The World Bank has sanctioned Acres International Limited (Acres), a Canadian company, as a result of corrupt activities related to its Bank financed contract associated with the Lesotho Highlands Water Project (LHWP). Acres was declared ineligible to receive any new Bank financed contracts for a period of three years. This action is part of the Bank’s broad anticorruption efforts initiated by President James Wolfensohn in 1996. More information on the World Bank’s overall anticorruption policies and activities can be found at: http://www.worldbank.org/anticorruption.

Press Responses : Tuesday, September 2, 2003

The Gazette (Montreal, Quebec)
September 2, 2003 Tuesday Final Edition

By Michelle Lalonde

HEADLINE:
Noranda puts off aluminum smelter in Chile's Patagonia region: Company cites economic factors but environmentalists claim victory 

Noranda Inc. has put on ice a proposed aluminum smelter in the pristine Patagonia region of Chile, blaming a lack of investors and a prolonged downturn in world aluminum markets.

Press Responses: March 29, 2007

http://www.northernminer.com/article.asp?id=67156&issue=03292007&ref=rss

Industry, NGOs agree on good practices for Canadian miners abroad

Concluding a 10-month process that saw input from NGOs, mining, oil and gas companies and academia, a report released today outlines a raft of recommendations that aim to address concerns over the social and environmental effects of resource extraction by Canadian companies in the developing world.

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