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Article

2 Dec 2004

Author:
Friends of the Earth

Groups Attack World Bank Standards

More than 200 civil society organisations and socially responsible investors called on the International Finance Corporation (IFC), the private sector arm of the World Bank, to protect the interests of the poorest and the public when setting rules governing global private investment. The "Platform for Rights, Rules and Responsibilities" - which has been endorsed by more than one thousand groups in fifty three nations - was released as groups boycott the IFC's latest public consultation on its "safeguard policy review" in Paris...[refers to Royal Bank of Scotland, Barclays, Citibank]