Full report - "Reckless Development: The IFC's Dodgy Deals in Southeast Asia"
"Out of control: The World Bank's reckless private sector investments in Southeast Asia exposed", March 2017
Dozens of harmful and high-risk projects in Southeast Asia have received hidden funding from the World Bank Group, an ongoing investigation by Inclusive Development International has revealed...
The IFC’s financial-sector clients have funded some of the region’s most destructive projects, contravening the Performance Standards, the institution’s social and environmental guidelines. These projects include mega-hydropower dams in Vietnam and Cambodia, dirty coal-fired power plants and mines in the Philippines, Vietnam and Myanmar, and massive agro-industrial land grabs in Cambodia and Laos...
“Once again we have found that outsourcing the World Bank Group’s development mandate to private financial institutions is a recipe for disaster,” said David Pred, Managing Director of Inclusive Development International...