Press Release: IFC Should Postpone Burma Investment

(Washington, D.C) – US Campaign for Burma (USCB) calls on the World Bank Group’s International Finance Corporation (IFC) to ensure that IFC investments in Burma are oriented toward poverty alleviation, and to prioritize safeguards and transparency. Three out of the IFC’s five projects in Burma involve the construction of upscale hotels, and the most recently proposed IFC project will excuse the Burmese client, Yoma Bank, from implementing basic due diligence and safeguards […]