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[PDF] World Bank Insurance Arm Fails to Protect Local Communities, Audit Finds: Bank’s Compliance Office Reveals Due Diligence Failures in DR Congo Mining Project

Author: Action Against Impunity for Human Rights (ACIDH); African Association for the Defense of Human Rights (ASADHO); Bank Information Center (BIC); Environmental Defense; Friends of the Earth U.S.; Rights and Accountability in Development (RAID), Published on: 3 February 2006

A World Bank report investigating its support for Anvil Mining’s Dikulushi project in the Democratic Republic of Congo (DRC) finds...the Multilateral Investment Guarantee Agency (MIGA) evaluated the risks of conflict to its client and their assets, but did not adequately consider the risks that the project poses to local communities in the volatile Katanga region of the DRC. Congolese and international civil society organizations...urge the Bank to overhaul MIGA’s treatment of social risk and require that all companies receiving Bank support comply with international human rights standards and protections for local communities.

Read the full post here

Related companies: Anvil Mining (part of China Minmetals)