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Newswire on the IFIs
- At sustainability congress, dam builder bars civil society from dialogue
- Austerity a moral issue as it inflicts millions
- With Inga dams, donors set to repeat past failures
- Bangladesh exposes flaws in World Bank's Doing Business Index
- Poverty should not be entrusted to economists
- A flawed 'Doing Business' report
Transparency and disclosure
This page links to information concerning a number of projects on which we have worked, in solidarity with local communities. In some cases, the projects rely on World Bank funding. In others they involve Canadian companies that may be seeking, or have secured, financial support from Export Development Canada (EDC). Sometimes they involve both. Regardless of the source of funding, in all cases, communities have contacted us because they are concerned about the significant adverse environmental, social and human rights impacts of the projects.
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.
The Africa-Canada Forum (Canadian Council for International Cooperation), the Halifax Initiative & the Institute of African Studies present a critical discussion regarding economic growth, aid and sustainable development in Africa. Speakers include Tetteh Hormeku-Ajei (Third World Network), James Henry (formerly McKinsey & Co.) and Vitalice Meja (Reality of Aid).
In this letter to Export Development Canada and the U.S. Export-Import Bank, Chilean and Argentine organizations express harsh criticisms regarding the public agencies' due diligence processes concerning Barrick Gold's application for support for Pascua Lama.
Le 17 février 2011,
L’Honorable James Flaherty
Ministre des Finances
Ministère des Finances Canada
140, O’Connor Street
Ottawa, ON K1A 0G5
Monsieur le Ministre,
Re : consultation 2010-2011 au sujet de la Loi sur la responsabilité en matière d’aide au développement officielle
ODA accountability consultation; World Bank dumps human rights; Bank report on extractives ignores reality.
COMMENTS ON IFC’S CONSULTATION DRAFTS OF THE IFC SUSTAINABILITY POLICY AND PERFORMANCE STANDARDS AND DISCLOSURE POLICY
AUGUST 27, 2010
General Observations
The undersigned civil society organizations believe the latest drafts of the Sustainability Policy, Performance Standards, and Disclosure Policy respond usefully to some issues raised previously by many civil society organizations, including, for example, several issues related to gender, resettlement, and climate change. Many of our most significant concerns, however, remain unaddressed, including centrally important issues related to due diligence, transparency, and accountability, and other issues related to substantive concerns.
Bridge to South KoreaHeld in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda. As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:
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MEETING DETAILS
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Bridge to South KoreaHeld in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda. As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:
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MEETING DETAILS
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