Financing from development finance institutions (DFIs) and multilateral development banks (MDBs) often leads to big-ticket and large-scale infrastructure projects, which are, by definition, high risk.
Development finance-mandated projects, when not well-planned or in consultation with communities, can cause loss of livelihoods and involuntary resettlement, as well as the loss of people’s voices and their right to participation in decision making. And in many cases, violations of human rights and debilitating poverty.
Just Finance International works to make sure that shareholding governments and development institutions – DFIs and MDBs – improve governance and adopt binding and stronger environmental and social safeguard policies, instead of defaulting to the use of weak standards that may prove more attractive to their clients or client host governments.
News about development finance
AIIB’s Mandalika project in Indonesia force thousands to leave their homes “What can you do when they point guns at you?’’
A large-scale tourism project in Indonesia’s Lombok Island has become a nightmare for the coastal Indigenous Sasak communities. Hundreds of… Continue reading AIIB’s Mandalika project in Indonesia force thousands to leave their homes “What can you do when they point guns at you?’’
The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance
By the end of 2020, the AIIB could count 102 approved member countries. The participation of Europe’s largest economies as… Continue reading The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance
China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too
Industrial parks at three of Indonesia’s nickel hotspots – Obi Island, Morowali and Weda Bay – aim to have 14… Continue reading China Dialogue:Coal-powered industrial parks test Indonesia’s climate pledges – and China’s too