World Bank Is Criticized for Honduran Loan
▻http://www.nytimes.com/2014/01/11/world/americas/world-bank-is-criticized-for-honduran-loan.html
The World Bank ombudsman issued a stinging critique Friday of the bank’s private-sector arm over a loan to a Honduran palm-oil company engaged in a violent conflict with farm workers over land tenure.
The study concluded that the International Finance Corporation, which lends to companies in developing countries, failed to follow its own requirements when it first approved the 2009 loan to Corporación Dinant, and that its supervision afterward was inadequate.