IFC Funding of Dinant Project: Call for Overhaul of Risk Assessment for Sustainable Finance

The World Bank Group (WBG) was a group of five closely associated international organizations –¬ The International Bank for Reconstruction and Development (IBRD), The International Development Association (IDA), The International Finance Corporation (IFC), The Multilateral Investment Guarantee Agency (MIGA), and The International Center for Settlement of Investment Disputes (ICSID). These five organizations came into existence between 1945 and 1988 and were owned by member countries. All the five organizations or WBG worked for a common mission – to reduce extreme poverty and boost shared prosperity. The WBG provided leveraged loans, insurance against various risks, and technical assistance to developing and under developed countries....