Intl. Financial Institutions continue investing in socially and environmentally controversial projects, says new research; incl. IFIs comments - Business & Human Rights Resource Centre
abuses affiliation arrow-down arrow-left arrow-right arrow-up attack-type burger chevron-down chevron-left chevron-right chevron-up Clock icon close delete development-poverty discrimination dollar download email environment external-link facebook filter gender globe groups health information-outline information instagram investment-trade-globalisation issues labour languages Shape Combined Shape location map-pin minus news organisation other overview plus preview profile refresh news search security Path tag tick tooltip twitter universality web
Story

Intl. Financial Institutions continue investing in socially and environmentally controversial projects, says new research; incl. IFIs comments

The research “The Impact of International Financial Institutions on the Environment and Socio-Economics: The Cases from Armenia and the World” by Sofia Manukyan, a researcher, human rights defender & environmentalist, alleges International Financial Institutions (IFIs) continue investing in projects that are problematic from the perspective of overall wellbeing and environmental protection.

The Business and Human Rights Resource Centre has invited all IFIs mentioned in the research to respond. Asian Development Bank, European Investment Bank, KfW Development Bank & Sberbank responded.  Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, International Finance Corporation, Korea Development Bank & World Bank did not respond.

Materials with full information and the IFIs' responses & non-responses are below.

Company Responses

Sberbank View Response

Story Timeline