Tag: IFC
![Women in Phnom Penh survey their former home after the land was purchased for a housing development. Photo: OxfamAUS](https://www.oxfam.org.au/wp-content/uploads/2013/02/140213_worldbank.jpg)
World Bank in the dark about where its money goes
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The World Bank doesn’t know the environmental and social impact of the almost $20 billion it lends to private companies. A recent audit revealed that the World Bank’s private sector lending arm, the IFC, “knows very little” about the impacts of its financial market lending, which accounts for 40% of its portfolio. The IFC has […] Read more »