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ifis shirk responsibility for human rights violations

“The [World Bank's Extractive Industries Review] received reports of alleged human rights violations ranging from intimidation, torture, kidnapping, and detention to rape and killings. Women and children often are the most severely harmed victims. According to information received by the EIR, the incidents of human rights violations are mostly not acknowledged by governments and courts in many developing countries. … There was also a strong element of fear: quite a few people testifying to the EIR required anonymity when describing human rights violations.”
World Bank Extractive Industries Review, December 2003.

For decades, the World Bank and other international financial institutions (IFIs) have been forcing countries to open up for unregulated large-scale development projects without providing protection for people and the environment. Their operations have left behind misery all over the planet. People have been displaced from their ancestral lands, rivers polluted, livelihoods destroyed and people's security repeatedly put at risk.

The IFIs cannot currently be held accountable for the human and environmental rights violations generated by their programs and projects. The member states of multilateral development banks like the World Bank have all endorsed the UN Declaration on Human Rights, and are bound by its provisions. But these obligations are often forgotten when countries take decisions within the banks. Paradoxically, although the World Bank is itself a UN specialized agency, it is exempt from human rights obligations under UN treaties.

So far, IFIs have refused to take responsibility for the human rights impacts of their lending, saying they are non-political actors. They disregard widespread calls for compensation and reparations. Despite being public institutions with the aim to alleviate poverty, the IFIs continue to finance projects and programs that undermine people's rights.

more information:

Friends of the Earth International IFIs programme, www.foei.org/ifi

 

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