Bretton Woods Project - Critical voices on the World Bank and IMF

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CAO—Compliance Advisor Ombudsman

The CAO was created to allow communities affected by the World Bank's private sector arms: the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), to raise their concerns directly. It performs the role of arbitrator and advisor on issues relating to the social and environmental outcomes of projects which involve the IFC and MIGA. The three main functions of the CAO are Compliance, Advisor and Ombudsman. The CAO is located in Washington D.C. and comprises of eight staff, currently headed by Meg Taylor. read more background...

Items 1 to 10 of 65

5-star development the IFC's new corporate welfare projects

News|Bretton Woods Project|26 June 2013|update 86|url

Controversial IFC investments in tourism and infrastructure projects continue to cause friction with local communities, prompting a new complaint to the Compliance Advisor/Ombudsman. read article...

An accountability mechanism without teeth? Two Albanian projects under CAO review

Comment|Agron Alibali, Lavdosh Ferruni|26 June 2013|update 86|url

The International Finance Corporation (IFC), the private sector arm of the World Bank, is under internal scrutiny for two projects in Albania. read article...

IFC financed 'land grabs' in Cambodia, Laos and Honduras exposed

News|Bretton Woods Project|26 June 2013|update 86|url

While the World Bank's leadership is further embracing private equity funds, the IFC's investment in financial intermediaries is again hitting the headlines over allegations of 'land grabs' in South East Asia and lack of respect for indigenous people's rights in Honduras. read article...

Early warning system for risky IFI projects

News|Bretton Woods Project|26 June 2013|update 86|url

US NGOs International Accountability Project and Center for International Environmental Law have launched a new Early Warning System to alert communities to projects funded by multilateral development banks that may have a negative impact on human rights. read article...

All you need to know: World Bank-IMF spring meetings 2013

News|Bretton Woods Project|22 April 2013|url

The 2013 spring meetings of the World Bank and IMF will take place from 18 to 20 April in Washington, DC. You will be able find links below to analysis of the communiqués as well as notes of some of the civil society and official meetings, as they become available. read article...

Indian NGO faults IFC energy project

News|Bretton Woods Project|8 April 2013|update 85|url

A November field study by Indian NGO the Research Collective has found that an International Finance Corporation (IFC, the Bank's private sector arm) supported coal-power plant run by GMR Kamalanga Energy Limited (GKEL), financed through a financial intermediary, has caused water pollution in the Odisha region. read article...

Letter to World Bank President Dr. Jim Yong Kim re: IFC investment in the financial sector

Letter|Bretton Woods Project|13 March 2013|url

We, the undersigned organisations, welcome the audit by the Compliance Advisor/Ombudsman (CAO) on the International Finance Corporation's lending to the financial sector. The IFC's response to the audit fails to acknowledge the gravity of the findings and is notable for its lack of commitment to addressing them. In advance of the IFC's planned consultation with civil society this month, we urge you to commit to revise the IFC's strategy for investment in this sector. read article...

IFC-funded mines: still courting controversy

News|Bretton Woods Project|13 February 2013|update 84|url

Following a year of violence associated with IFC-funded mining projects, the IFC's mining investments in Guatemala, Mongolia, Peru and Colombia are still provoking controversy. read article...

IFC oblivious to impact of lending to financial sector

News|Bretton Woods Project|12 February 2013|update 84|url

An audit of the IFC's investments in financial intermediaries reveals a lack of assessment of environmental and social impacts. read article...

IFC investments "rarely touch the poor"

News|Bretton Woods Project|12 February 2013|update 84|url

Criticism of the International Finance Corporation's lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development. read article...

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