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In the News

  • 21 November 2023

    Civil society groups lambaste IFC over response to sex abuse allegations

    By Sophie Edwards, Devex
    International Finance Corporation, the World Bank’s private sector arm, comes under fire over its handling of allegations that teachers abused children at schools in Kenya.
  • 29 October 2023

    To the Editor: Development concerns

    By Radhika Goyal, Accountability Counsel
    Asian Development Bank president Masatsugu Asakawa makes the case for the bank to “do more and act faster.” We note that he doesn’t make the case for doing better.
  • 26 October 2023

    IFC slammed by its own watchdog for ignoring child sex abuse allegations

    By Sophie Edwards, Devex
    “IFC thinks of the borrowers as its client, and not the communities affected by its investments. They think their job is to protect the client at all costs but they are a development bank, not CitiBank,” says David Hunter, Accountability Counsel board member.
  • 17 October 2023

    World Bank-IMF meetings: A start, but still a long way to go

    By Sophie Edwards, Devex
    Some progress but a very long way to go — that seemed to be the broad consensus after last week’s World Bank and International Monetary Fund annual meetings held in Africa for the first time in 50 years.
  • 13 October 2023

    Accountability for a Just Transition

    By Gregory Berry, Accountability Counsel
    Gregory Berry, Policy Associate at Accountability Counsel, highlights the importance of local community input into climate and biodiversity projects.
  • 29 September 2023

    IAMnet 2023: Centering communities in accountability

    By Rabi Thapa
    Accountability Matters spoke to the AM Secretary and civil society participants about some of the challenges they face and their expectations of the Annual Meetings.
  • 27 September 2023

    Solomon Islands joins China-backed AIIB days after PM snubs Biden invite for Pacific summit at White House

    By Jevans Nyabiage, SCMP
    A report released by civil society groups on Tuesday said that in seven years the AIIB was yet to accept a single complaint from people adversely affected by its investments.
  • 4 September 2023

    Civil Society Organizations Unite to Urge Public Development Banks to Change the Way Development Is Done

    By Bibbi Abruzzini, FORUS
    In the midst of a complex web of crises, spanning climate change, biodiversity depletion, constraints on civic space and mounting debt burdens, civil society organizations and human rights defenders from over 50 countries have united their voices to call for immediate and impactful action from public development banks.
  • 15 August 2023

    Responses to the European Sustainability Reporting Standards

    By Charlie King, Sustainability Magazine
    Accountability Counsel’s Gregory Berry outlines the responses, concerns, and flaws of the newly announced European Sustainability Reporting Standards.
  • 31 July 2023

    To the Editor: Development bank reform must improve accountability

    By Margaux Day, Accountability Counsel
    Yes, the World Bank should lead a transformation in development finance, but only if that transformation includes increased accountability to the communities it impacts.
  • 25 July 2023

    Will the World Bank’s IFC Uphold or Destroy Its Internal Watchdog’s Independence?

    By Naly Pilorge, LICADHO, and Vuthy Eang, Equitable Cambodia
    An investigation into the IFC’s funding of Cambodia’s troubled microfinance sector has implications far beyond the country’s borders.
  • 12 July 2023

    Asian Development Bank’s climate commitments require greater accountability

    By Radhika Goyal, Accountability Counsel
    The Asian Development Bank’s ambitions have no chance of success without an increased commitment to safeguards and accountability, a new op-ed argues, because projects aimed at mitigating climate change can – and do – go wrong.
  • 19 June 2023

    China’s new financial regulator must show it means business on ESG risk management

    By Yaqian (Zelda) Liang and Margaux Day
    It has been a year since the CBIRC issued the Green Finance Guidelines, which stepped up requirements for Chinese banks and insurers to manage ESG risks, including by establishing complaint channels for affected communities. However, to date, no Chinese bank has launched a bank-level complaint mechanism or announced a plan for developing one.
  • 17 May 2023

    ADB safeguards policy update must prioritise people and the planet, says NGO Forum on ADB

    By NGO Forum on ADB
    As the Asian Development Bank (ADB) commemorates its 56th year of operations in Asia, the NGO Forum on ADB and its allies raised concerns about the potential dilution of key safeguard commitments.
  • 15 May 2023

    World Bank project complaints plagued by fear of reprisal

    By Shabtai Gold, Devex
    Complainants coming forward are seeing their communities being uprooted to make way for things like new roads, dams, and power plants. They are often powerless compared to those who have a financial stake in the projects’ success, and many face harsh retaliation for speaking out.
  • 13 April 2023

    Thousands of Individuals Urge the International Finance Corporation to Guarantee Justice for Communities Harmed by Development Projects

    By Niccolo Sarno, CIEL, and Margaux Day, Accountability Counsel
    This week, 4,577 individuals from around the world demanded that the International Finance Corporation guarantee justice for communities harmed by international development projects.
  • 3 April 2023

    Ukraine Joining the EU – An Elephant in the Room

    By Hannes Lorenzen and Hans Wetzels, ARC2020
    A delegation of the Region of Vinnytsia in Central Ukraine recently visited various agricultural and rural development projects and facilities in the Region of Lüneburg in Low Saxony, Germany, in order to gather ideas for recovery and reorientation of farming and food supply in times of war.
  • 28 March 2023

    Gates Foundation Should Match Its Massive Global Giving With a Massive Commitment to Accountability

    By Stephanie Amoako and Gregory Berry, Accountability Counsel
    The Bill & Melinda Gates Foundation announced that it would spend a record $8.3 billion to respond to the compounding crises of war, climate change, stumbling economies, and infectious disease. Unfortunately, this increased spending has not been accompanied by an increased commitment to accountability.
  • 23 March 2023

    A is for Abuse: Two Harvard Grads Saw Big Profits in African Education. Children Paid the Price.

    By Neha Wadekar and Ryan Grim, The Intercept
    An aggressive startup set out to disrupt African education, supported by social impact investors. Now it’s plagued by a sexual abuse investigation.
  • 16 March 2023

    IFC policy for when projects cause harm lambasted as ‘letdown’

    By Adva Saldinger, Devex
    The IFC has released a new policy to govern how it responds when projects go wrong and seriously harm people or the environment, but advocates lambasted its “shocking” failure to go far enough or address past problems.
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