The Long Struggle for Accountability of IFIs: The case of the EIB and the World Bank (2009)

Bank-financed projects can involve significant social and environmental costs, such as displacement of local communities, threats to indigenous peoples, and the destruction or degradation of the environment not to mention failure to respect and enforce human rights. In response to NGO’s pressure, the international financial institutions eventually established a series of policies and procedures that sought to offset some of the environmental and social risks. Some faster than others, the World Bank in 1993, the European Investment Bank in … 2008!

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