World Bank Group Failing at Remedies for Project Abuses

Click to expand Image Protesters outside the World Bank headquarters, Washington, DC, July 6, 2015. © 2015 Joe Athialy for the Bretton Woods Project An external review of the World Bank Group’s private funding institutions found that social and environmental abuses caused by their development projects went largely unaddressed, leaving victims without remedies. The review focused on the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), and their accountability office, the Compliance Advisor Ombudsman. It found that only 13 percent of compliance…

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