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Posts Tagged ‘IFC’

Getting the IFC to respect & protect human rights.

March 2, 2011 4 comments

Hana Heineken, Law Fellow

By Hana Heineken

Today, CIEL, along with Amnesty International, Bretton Woods Project, and International Accountability Project, submitted a letter to the Vice President and CEO of the IFC, Lars Thunell, urging the IFC to respect and protect human rights.

What is the IFC? The International Finance Corporation (IFC), the private sector lending arm of the World Bank, lends directly, or indirectly by way of financial intermediaries, to businesses in developing countries: in 2010, its investments totaled over 12.5 billion dollars, providing partial financing for over 500 projects worldwide.

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