3 May 2014

NGOs criticise World Bank loan to Honduran commercial bank for risks of human rights violations

In a letter to the World Bank, twenty-eight Honduran and international NGOs and civil society groups have expressed their concerns over a proposed USD 15m loan to the commercial bank Davivienda in Honduras by the bank’s private lending branch, the International Finance Corporation (IFC). The proposed investment was classified as ‘medium risk’ by the IFC, even though it was admitted that child labour and land disputes could be potential impacts. (more…)

Source: The Guardian | World Bank loan to Honduran bank comes under scrutiny