Economic justice policy officer
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On March 31, 2010 we received EIB’s response which can also be downloaded as pdf.
Although the world’s largest steel company, ArcelorMittal continues to receive support by international public finance. Neither does its chequered social and environmental record seem to change the public bank’s proclivity for this specific borrower.
Nearly 100 civil society organizations from 38 countries are demanding that World Bank Group lending to private corporations be much more responsive to environmental and social concerns. The comments describe how the International Finance Corporation’s (IFC) lack of transparency and supervision, its failure to recognize human rights, and its inadequate climate change policies undermine the IFC’s ability to achieve its poverty alleviation mission.
