Dr. Jim Yong Kim’s Dilemma: International Finance Corporation and the Tata Mundra Power Plant

This case is the Winner of the 2015 oikos Global Case Writing Competition (Sustainable Finance track), organized by oikos International, Switzerland.




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Introduction

In April 2014, Dr. Jim Yong Kim (Kim), the twelfth President of the World Bank Group, received a petition signed by about 24,000 people from all over the world urging him to publicly recognize the alleged harm International Finance Corporation (IFC) had already caused to the people and environment of Gujarat, India, by funding the Tata Mundra power project, and to develop a meaningful action plan that addressed the damage.

Just nine months earlier, Kim had received kudos for his leadership as the World Bank had placed severe restrictions on coal finance, but a lot had changed since then....

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