• 8 May 2024

    The EBRD in Armenia: Lessons for Responsible Exit and Remedy

    By Lama Almoayed, Accountability Counsel
    As Accountability Counsel prepares for the annual meeting of the European Bank for Reconstruction and Development (EBRD) in Yerevan, Armenia, we highlight the sobering story of one of the EBRD’s most contentious projects in the country – the Amulsar Gold Mine. This project serves as a reminder of  what can go wrong when investment happens without adequate preparation for remediating negative impacts on local communities. As the EBRD revises the Environmental and Social Policy (ESP) that governs its operations, it must commit to remediating harmful impacts and develop a plan for responsibly divesting from projects.
  • 7 May 2024

    Upholding Banks’ Biodiversity Responsibilities

    By Gregory Berry, Accountability Counsel
    A deep dive into the use of independent accountability mechanisms to ensure nature-positive and rights-compatible development in the pursuit of biodiversity protection and ecosystem restoration.
  • Attribution: Freepik
    15 April 2024

    Creating and Holding Space: Participating in Development Bank Meetings

    By Gregory Berry, Accountability Counsel
    Dialogue is essential to inclusive development. The social license to operate in a given community depends on it. To be certain, creating intentional spaces to reflect on the actual experiences of project-impacted communities serves sustainability and continued improvement of impact. If Multilateral Development Banks and other institutions truly want to make their annual or biannual gatherings inclusive and hear from those most affected by the decisions made by these institutions, they must create more opportunities for civil society to engage with bank leadership during these meetings and remove restrictions and barriers to civil society participation. 
  • 2 April 2024

    The State of Remedy at the EBRD

    By Megan Pearson, Accountability Counsel
    With the release of the new draft Environmental and Social Policy, we look at outcomes data to evaluate whether remedy has been provided when its financed projects cause environmental or social harm.
  • 2 April 2024

    External Investigation Into Alleged IFC Cover-Up Must Be Robust and Transparent

    By Accountability Counsel, Gender Action, Inclusive Development International, Center for International Environmental Law, and Urgewald
    On March 13, 2024, World Bank Group (WBG) President Ajay Banga announced an external investigation of allegations of interference in the IFC Compliance Advisor Ombudsman (CAO) process as relates to IFC’s investments in Bridge International Academies. As the World Bank Group moves forward with this investigation, it is important that it is independent and thorough.
  • 26 March 2024

    New U.S. Government National Action Plan Promotes Remedy for Corporate Harms: Implementation Will Be Key

    By Stephanie Amoako, Accountability Counsel
    Recognizing the need for U.S. leadership, the new U.S. National Action Plan on Responsible Business Conduct (NAP) includes commitments from various government agencies to promote responsible business conduct. Accountability Counsel submitted recommendations for the NAP, and we are happy to see several of our recommendations addressed.
  • 21 March 2024

    The EU Corporate Sustainability Due Diligence Directive: A Momentous Development, but More Needed to Keep People and the Planet at the Heart of Due Diligence

    By Accountability Counsel
    While the CSDDD’s advancement is commendable, finalizing the CSDDD must be the beginning – not the end – of conversations on how to ensure that business and finance operates in a just, sustainable, and accountable way.
  • 14 March 2024

    IFC Response to Child Sexual Abuse Investigation Fails Survivors; Evades Responsibility

    By Accountability Counsel, Inclusive Development International, urgewald e.V., EACH Rights, Education International, Gender Action, and GI-ESCR
    Today, the World Bank released a scandalous internal investigation of child sexual abuse allegations at private schools funded by its private sector arm, the IFC. Although World Bank President Ajay Banga has expressed contrition, the IFC’s official management response fails to offer meaningful remedy to the survivors of abuse that it turned a blind eye to for almost a decade.
  • 11 March 2024

    Comparing the Independent Accountability Mechanism Policy Review Process Across MDBs

    By Radhika Goyal, Accountability Counsel
    Policy reviews at the World Bank, ADB, EBRD, and AIIB come at a time when MDBs have been entrusted with greater mandates to combat the urgent climate crisis. It is imperative that the policy reviews result in strong improvements to protect and guarantee the rights of project-affected communities around the world.
  • 8 March 2024

    IFC’s Response to Sexual Abuse Does Not Provide Remedy to Bridge Survivors; Executive Directors Should Reject It

    By Accountability Counsel, Inclusive Development International, and Gender Action
    On this International Women’s Day, the International Finance Corporation is asking its Executive Directors to endorse an inadequate and flawed plan in response to the investigation of child sexual abuse at Bridge International schools in Kenya. Executive Directors should reject the proposed MAP.
  • 5 March 2024

    Harm in the Extractive Sector: The Case of Energy Transition Minerals (ETMs)

    By Leila Yow, Accountability Counsel
    Analyzing complaints that are connected to energy transition minerals (ETM) projects, which are considered crucial for the transition to renewable energy, and posit three theories as to why there are not more complaints given the high volume of ETM projects and the harm associated with them.
  • 27 February 2024

    World Bank Response to Sex Abuse Scandal is a Test of its Credibility

    By Accountability Counsel
    If the World Bank wants to be taken seriously as a development institution, then its response to the Bridge Academies case is a test that it cannot afford to fail.
  • 26 February 2024

    Reflections On My First Day as Executive Director

    By Margaux Day, Accountability Counsel
    Today is my first day as Accountability Counsel’s Executive Director, and I am reflecting on community and accountability. I am overwhelmed with gratitude for the community of advocates, supporters, movements, and organizations that have made Accountability Counsel what it is today. This is Accountability Counsel’s 15th year, which is an…
  • 13 February 2024

    Welcoming Accountability Counsel’s new Executive Director

    By Accountability Counsel
    It is with great pleasure and excitement that we share with you that, after an exhaustive search, Margaux Day has been appointed Accountability Counsel’s next Executive Director.
  • 5 February 2024

    Charting the path of every single complaint

    By Megumi Tsutsui, Accountability Counsel
    To understand how the system of independent accountability mechanisms is working for those who engage their services, we mapped out the path of every single complaint. Our analysis reveals huge barriers to entry, but also high likelihood of affirmation of the complaint if it reaches the compliance investigation or dispute resolution phase.
  • 25 January 2024

    Why IFC’s Practice Of Irresponsibly Exiting Projects Must Stop

    By Lama Almoayed, Accountability Counsel
    Data in a new report showing how frequently the International Finance Corporation and its clients abandon investments when communities harmed by those investments demand accountability is especially alarming.
  • 21 December 2023

    A New Year’s Resolution for the World Bank Evolution: The Work Ahead for Remedy in 2024

    By Gregory Berry, Accountability Counsel
    It is near the end of the year (for those following the Gregorian calendar), so now seems as good a time as any to reflect on our continued push for the world’s largest development bank, turned aspiring champion of climate finance and now host of the Loss and Damage climate reparations fund, to finally, finally, finally deliver effective remedy when its projects cause real harm to people. This is also the time to rest up for the road ahead in 2024.
  • 19 December 2023

    The EU’s Corporate Sustainability Due Diligence Directive – One More Step Towards Fully Accountable Finance

    By Gregory Berry, Accountability Counsel
    While many are rightly disappointed about the favoritism afforded to the financial sector under the European Union’s forthcoming Corporate Sustainability Due Diligence Directive, all is not lost. Exemption under the law does not absolve the financial sector’s responsibility for environmental and human rights impacts directly caused or enabled by their activities. Even if financial institutions are not yet subject to full liability, they can still be held accountable.
  • 18 December 2023

    Congress Calls out DFC on Employee Mistreatment

    By Accountability Counsel
    Last week, Congressional Labor Caucus co-chairs, Donald Norcross (D-NJ), Debbie Dingell (D-MI), Steven Horsford (D-NV), and Mark Pocan (D-WI) called on U.S. International Development Finance Corporation (DFC) CEO Scott Nathan to address allegations of retaliation against DFC employees for whistleblowing and labor organizing. Retaliation against whistleblowers at the DFC is…
  • 6 December 2023

    The World Bank’s response to sexual abuse should shake donors’ confidence

    By Margaux Day, Accountability Counsel
    The IFC’s inability to take responsibility for a crisis of its own making comes at a time when the World Bank is asking shareholder governments to trust it more.