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Bridge over Troubled Waters: Accountability at the IFC

The controversy around the IFC’s investment in Bridge Academies, a for-profit education provider in Africa and India, is not going away. Indeed, World Bank President Ajay Banga has committed to an external investigation of the entire fiasco. The Bridge investigation highlighted two significant accountability gaps at the Bank.

Human rights allegations prompt World Bank to freeze project s funds in Tanzania

The World Bank has suspended funding for a $150 million tourism project in southern Tanzania in response to allegations of forced evictions, killings and other violations of people’s rights in Ruaha National Park. “We have recently received information that suggests breaches of our policies in the implementation of the Regrow project,” a World Bank spokesperson […]

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