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    The Suffering of Others: The human cost of the International Finance Corporation's lending through financial intermediaries

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    English report
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    Author(s)
    Geary, Kate
    Publication date
    2015-04-02
    Subject
    Economics
    Food and livelihoods
    Rights
    Keywords
    Finance
    Livelihoods
    Land rights
    World Bank
    IFC
    Country
    Cambodia
    Guatemala
    Honduras
    India
    Lao
    
    Metadata
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    Publisher(s)
    Oxfam International
    Inclusive Development International
    Global Witness
    Bretton Woods Project
    Bank Information Center
    Madre Selva
    Nisgua
    Equitable Cambodia
    Urgewald
    Committee of Relatives of the Disappeared in Honduras
    Movimiento Madre Tierra Honduras
    Programme for Social Action
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    Document type
    Issue briefing
    Description

    Increasingly, development money is being channelled through third parties such as banks or private equity funds. The world's leading proponent of this financing model, the International Finance Corporation, spent $36bn this way in just the four years leading up to June 2013. But what does this 'hands-off' form of development financing mean for people? Are the risks to communities and their livelihoods just too high given the weaker social and environmental protections entailed? This report tells the human story behind the high finance and statistics, and asks whether reforms to this model of lending have gone far enough to protect communities.

    Pages
    32
    ISBN
    978-1-78077-833-4
    URI
    http://hdl.handle.net/10546/347438
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/the-suffering-of-others-the-human-cost-of-the-international-finance-corporation-347438
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