Press Room

Welcome to the Halifax Initiative's Press Room!

Here you can read news stories featuring our perspectives on various issues, read our latest press releases, or sign up to receive our releases.

Feel free to contact us if you are looking for a Canadian perspective on issues related to the World Bank, the International Monetary Fund or Export Credit Agencies.

CSOs: Oyu Tolgoi non-compliant with IFC Performance Standards

Oyu Tolgoi is an enormous copper and gold deposit in Mongolia. The project is jointly owned by Canadian company Turquoise Hill Resources and a state owned enterprise. According to the International Finance Corporation (IFC), estimated project cost is $12 billion. Project proponents seek financing from Export Development Canada, the IFC, the European Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, among others. In this document, CSOs argue that the project does not comply with the IFC Performance Standards and provide a series of recommendations.

Return of the financial transactions tax - Op-ed

Return of the financial transactions tax

Embassy Magazine, Feb. 16, 2011

By John Jacobs

In spite of Canada's attempt to bury it at the Toronto G20 meeting, a tax on financial transactions is back on the global agenda and gaining momentum.

French President Nicolas Sarkozy has pledged to use his term as chair of the G20 to reform the global financial system and curb the speculation that contributed to the economic crisis. At the top of his agenda is an international financial transactions tax (FTT) to fund the fight against poverty and climate change.