[PUBLICATION] Funding Oppression: A Report on the Complicity of the International Financial Corporation (World Bank Group Member) in Violation of Human and Environmental Rights in South Asia and Southeast Asia

March 8, 2024

APNED is pleased to release a working paper on the complicity of the International Financial Corporation in various projects causing social and environmental harm in South and Southeast Asia, available now for the public to read and share.

The report, entitled Funding Oppression: A Report on the Complicity of the International Financial Corporation (World Bank Group Member) in Violation of Human and Environmental Rights in South Asia and Southeast Asia, dives into the harmful and irresponsible impacts that direct and indirect investments of the International Financial Corporation have caused in South and Southeast Asia. The International Financial Corporation, or IFC, is a member of the World Bank Group which works with the private sector in developing countries. The initial findings make a case for demanding accountability and increased human and environmental rights due diligence from international financial institutions like the International Financial Corporation who fund development projects in the Global South.

This is a working paper covering cases filed before the Compliance Advisor Ombudsman, an independent complaints mechanism of the IFC, from 2013 to 2023. The report may not cover comprehensive data on the activities of the IFC in South and Southeast Asia. If you have any information or resources to share on these cases, or others where the IFC and other international financial institutions (IFIs) are involved, please email us at info@apned.net.

Read the full working paper below: