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Article

14 Oct 2014

Author:
Egyptian Initiative for Personal Rights

IFC Environmental and Social Standards are Meaningless in Practice

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Located in Wadi al-Qamar in western Alexandria, Titan Cement, established in 1948, is financed by the International Finance Corporation (IFC). The IFC is a member of the World Bank Group, which specializes in private-sector finance.

According to its stated policies, the IFC seeks to support sustainable development by creating jobs, guaranteeing labor rights, and protecting the work environment. Nevertheless, the latest report from the Egyptian Initiative for Personal Rights (EIPR) has documented several violations against labor and the environment by Titan Cement...

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