all
Il y a 19 years 3 weeks. Corporate accountability, Environment, Human rights. Also Available at http://www.kairoscanada.org/e/media/letters/ltrPettigrew050901.asp
1 September 2005 Read more ...
Il y a 19 years 3 weeks. IFI policies and positions. To receive debt reduction through the World Bank and International Monetary Fund (IMF), low- income countries must prepare of a Poverty Reduction Strategy Paper (PRSP) to show how money freed up from debt servicing will be used to alleviate poverty. PRSPs describe the country's macroeconomic, structural and social policies and programmes to promote growth and reduce poverty, as well as outline associated external financing needs and major sources of financing. The World Bank and the IMF Board of Directors approve the PRSP produced in each country.
Read more ...
Il y a 19 years 3 weeks. Corporate accountability. Background Read more ...
Il y a 19 years 3 weeks. IFI policies and positions. A leaked internal audit assessing the World Bank's involvement in a controversial Canadian gold mine in Guatemala has exposed glaring deficiencies in the due diligence undertaken by the Internation Read more ...
Il y a 19 years 1 month. Corporate accountability. Leaked Review Slams World Bank over Canadian Mine
August 22, 2005 - A leaked internal audit assessing the World Bank's involvement in a controversial Canadian gold mine in Guatemala has exposed glaring deficiencies in the due diligence undertaken by the Bank prior to approving a $45 million loan for the mine.
Glamis Gold's Marlin mine in the Western Highlands of Guatemala has been plagued with controversy since the outset. In March, the Compliance Advisory Ombudsman (CAO), the internal auditor for the Bank's private sector lending arm, the International Finance Corporation (IFC), began an investigation after receiving local complaints about the mine.
Read more ...
Il y a 19 years 1 month. Environment, Human rights. Internal Review Slams World Bank over Lapses at Guatemala Mine - Backgrounder
August 22, 2005
A forthcoming report by the Compliance Advisor Ombudsman (CAO), a body responsible for conducting internal reviews at the World Bank’s private sector lending arm, the International Finance Corporation (IFC), identifies glaring deficiencies in the due diligence the institution conducted for a controversial new gold-mining project in Guatemala. The project, currently under construction by Canadian company Glamis Gold in Guatemala’s indigenous western highlands, has been surrounded by controversy and conflict since before the IFC approved $45 million in support for the project in June 2004. In January of this year, a forty-day protest by local villagers worried about the mine’s potential environmental impacts ended in bloodshed as security forces clashed with protesters, resulting in one death and dozens of injuries.
Read more ...
Il y a 19 years 1 month. . To receive debt reduction through the World Bank and International Monetary Fund (IMF), low- income countries must prepare of a Poverty Reduction Strategy Paper (PRSP) to show how money freed up from debt servicing will be used to alleviate poverty. PRSPs describe the country's macroeconomic, structural and social policies and programmes to promote growth and reduce poverty, as well as outline associated external financing needs and major sources of financing. The World Bank and the IMF Board of Directors approve the PRSP produced in each country.
Read more ...
Il y a 19 years 1 month. Human rights. G8 Leaders Fail to Make Much Progress at Gleneagles Summit, World Bank given leading role. Read more ...
Il y a 19 years 2 months. . G8 Finance Ministers' finalize debt proposal. Read more ...
Il y a 19 years 3 months. . Full Report PDF
Summary Analysis of the June 11, 2005 G8 Debt Proposal
On June 11, Finance Ministers from the G8 countries announced a debt remission proposal that would cancel multilateral debts owed to the World Bank, the International Monetary Fund (IMF) and the African Development Bank's African Development Fund (AfDF) by 18 low-income countries.
The G8 proposal offers 100% debt stock cancellation for debts owed to three multilateral financial institutions for the 18 countries that have reached their 'completion points' through the Heavily Indebted Poor Country (HIPC) Initiative. A further 9 HIPC 'decision point' countries, who have not completed or have stalled in their World Bank/IMF programs, might qualify in the near term. The deal could also potentially be extended to the 11 remaining HIPCs that have not yet reached their decision points.
Read more ...