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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French report
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Spanish report
Publisher(s)
Oxfam InternationalInclusive Development International
Global Witness
Bretton Woods Project
Bank Information Center
Madre Selva
Nisgua
Equitable Cambodia
Urgewald
Committee of Relatives of the Disappeared in HondurasMovimiento Madre Tierra HondurasProgramme for Social Action
Document type
Issue briefingDescription
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.