How Do Corporations Influence World Bank Lending?

October 2023

Research: The True Role of Project Contractors: The Influence of Corporations in World Bank Lending and Complaints

By Irmak Ersoz — Oct. 3, 2023

Private sector involvement in multilateral development bank (MDB) projects, both in terms of investment and implementation, undeniably affects the implementation of a project, influencing banks’ adherence to their own policies. This tends to manifest in unpredictable ways, leading to communities being impacted by higher-level decisions they may not be able to see. Accountability Counsel has been tracking and analyzing World Bank projects with corporate influence that result in complaints.

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Accountability Spotlight

Noteworthy updates on Bank and IAM policy and practice

New Report on AIIB's Accountability Roadblocks

A new report on AIIB's Accountability Mechanism, the Project-Affected People's Mechanism (PPM) analyzes why after 5 years of operation and nearly USD 44 billion in AIIB funding, the PPM is yet to accept a single case. It finds that due to factors such as exclusion of co-financed cases from the PPM's mandate, weak implementation of disclosure requirements in financial intermediary projects, and issues around eligibility and independence in the PPM Policy, there is an accessibility crisis in the PPM that hinders accountability in the AIIB. It further provides recommendations for the upcoming PPM policy review that should result in substantial improvements in order to bring the PPM in line with international good practice.