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Tue 21 Sep 2004
Remarkable heads into Europe
Mon 17 May 2004
Remarkable back at Sainsbury’s.
Tue 19 Aug 2003
Pope bemoans ‘uncontrolled’ tourism.
Thu 27 Jun 2002
Report to expose cosmetics products.
Mon 17 Jun 2002
World Bank proposal slated
Tuesday 21 September 2004
Proposed changes to the World Bank’s private sector lending policies, revealed last week, have been criticised by environmental and human rights groups. The International Finance Corporation (IFC) aims to abandon its Safeguards Policies, which cover issues such as pollution and treatment of local communities, in favour of performance-based standards.
Any change to the regulations could have a knock-on effect with other financiers, as the IFC’s standards are being increasingly adopted by numerous commercial banks, notably the ‘Equator Priniciples’ group.
Friends of the Earth's Hannah Ellis said; "These flawed proposals seriously undermine the World Bank's duty to protect the environment and affected communities. It must ensure that any money it lends to private sector projects meets internationally recognized standards. These new plans will weaken already inadequate safeguards and must be abandoned."
Tim Peat from NGO War on Want added; “As a public institution with poverty alleviation and sustainable development at its core mandate, the private sector should not receive special treatment."
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