India pays penalty for not utilising loans from lending agencies While India is negotiating more loans from the World Bank to fund infrastructure development and to upgrade urban transport, an internal assessment of the finance ministry has revealed that many of its past projects are running far behind schedule to the extent that the government has been paying commitment charges of several hundred crores every year.
African Press International:
Asia: Capital boost will not help the poor Following the ADB's annual meeting, NGOs have criticized a decision by the Asian Development Bank (ADB) to triple its capital, claiming projects it funded have done more harm than good to communities it aims to help.
Associated Press: Asia Urged to Rethink Growth Policies Amid Crisis Amid rising discussion about the future of development within Asia, following the ADB's annaual meeting in Bali, governments have been urged to rethink polices even in the face of the economic turmoil. Read on to learn more about the current situation.
The Washington Post: ADB back to drawing board as slump hits poor As the ADB prepares for its annual meeting in Indonesia, the discussion will turn to the ADB's expanding role within the region. This expansion however, has come against protest from various critics. Read on to learn more about the situation.
REUTERS NEWS: ADB under pressure on policy as it seeks funds The Asian Development Bank is coming under increased pressure to accelerate internal reform and maintain environmental and other safeguards at its projects as it seeks an increase in funding, according to officials and documents seen on Thursday.
ADB hit by skills shortage December 26th, 2008 Skill shortages are hampering the work of the Asian Development Bank and making it dependent on outside consultants, according to a consultants' report commissioned by the bank.
Business Mirror: ADB staff, CSOs hit draft safeguards November 19th, 2008 The leading Philippine business paper reports on the ADB's controversial new draft safeguard policy and the multistakeholder consultation underway in Manila
Financial Times: ADB's reputation put to test November 17th, 2008 Two articles in the Financial Times report on efforts by IAP and coalition partners to challenge the Asian Development Bank's attempt to weaken safeguards for local communities and the environment.
NGOs continue to promote open ADB policy review July 25th, 2008 In response to sustained pressure from IAP and partners in NGO Forum on ADB, the Asian Development Bank (ADB) has agreed to produce a second draft of the Safeguard Policy Statement and to collaborate with NGO Forum in organizing a multi-stakeholder public consultation.
IAP Co-Director and colleagues present on panel at ADB Annual Meetings May 6th, 2008 Joanna Levitt and colleagues from partner organizations in NGO Forum on ADB presented on the vital importance of Safeguard Policies at the Annual Meetings of the Asian Development Bank, this week in Madrid.
Financial Times: ADB review sparks resignations September 12th, 2007 Social and environmental specialists at the Asian Development Bank resign over poor quality of new proposed draft Safeguard Policies.
International Accountability Project
221 Pine Street | 5th Floor | San Francisco, CA USA 94104
Tel: +1 (415) 659-0555 | Fax: +1 (415) 398-2732 | Email: iap@accountabilityproject.org
