IFC still failing to track impact of investments on local communities, reports say

Two new reports, one of which is by the IFC's own watchdog, have criticized the World Bank's private sector lending arm for negating its duty to make sure the high risk investments it makes to intermediaries are not causing environmental and social damage to communities further down the financing line.

About the author

  • Sophie Edwards

    Sophie Edwards is a Reporter for Devex based in London covering global development news including global education, water and sanitation, innovative financing, the environment along with other topics. She has previously worked for NGOs, the World Bank and spent a number of years as a journalist for a regional newspaper in the U.K. She has an MA from the Institute of Development Studies and a BA from Cambridge University.