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Civil society organizations condemn the World Bank's reponse to findings of violations in Honduras

Civil society organizations condemn the response of the Word Bank's International Finance Corporation (IFC) to the highly critical findings of the Compliance Adviser/Ombudsman regarding the IFC’s investment in Corporación Dinant in Honduras, which has been associated with extensive human rights abuses, including the killing, kidnapping and forced eviction of farmers.

In their statement, the civil society organizations note that the investigation is one of the most damning ever issued by the IFC's internal watchdog and concludes that the IFC:

* Failed to adhere to its own policies meant to protect local communities, and continued to allow the company to breach those safeguards over the past five years to the present;
* Either failed to spot or deliberately ignored the serious social, political and human rights context in which this company is operating or where it did, failed to act effectively on the information;
* Failed to disclose vital project information, consult with local communities, or to identify the project as a high-risk investment, despite public information that was widely available at the time the investment was made.

For the full response of the civil society organizations to the CAO investigation into IFC investment in Corporación Dinant, click here.

For the CAO investigation, click here
For IFC’s response, click here