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28 Feb 2019

US Supreme Court rules Intl. Finance Corp. not entitled to "absolute" immunity & can be sued in US courts

On 27 February 2019, the US Supreme Court issued a decision stating that the International Finance Corporation (IFC), the private sector affiliate of the World Bank Group,  was not immune from proceedings in courts. This claim will have a direct impact in a lawsuit brought by fishing communities in India over environmental damages caused by a power plant financed by the IFC.

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