Download Digging-Deeper.pdf (3.78 MB)
This report from Bank Information Centre Europe, Inclusive Development International, and JATAM Indonesia exposes the World Bank's financing of some of Indonesia’s most destructive coal mining companies, despite instituting a virtual ban on coal financing in 2013. The report shows that the International Finance Corporation (IFC), the World Bank’s private-sector arm, has in recent years provided hundreds of millions of dollars to client banks and private equity funds that have on-lent the money with limited oversight in Indonesia, including to the country’s largest coal producer, Bumi Resources, and other major players in the industry.
Publication Year: 2019
Banks: World Bank