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The Suffering of Others – The human cost of the International Finance Corporation’s lending through financial intermediaries

by Oxfam | April 2, 2015

Increasingly, development money is being channeled through third parties such as banks or private equity funds.

The world’s leading proponent of this financing model, the International Finance Corporation, spent $36 billion this way in just the four years leading up to June 2013.

But what does this ‘hands-off’ form of development financing mean for people? Are the risks to communities and their livelihoods just too high given the weaker social and environmental protections entailed? The Suffering of Others tells the human story behind the high finance and statistics, and asks whether reforms to this model of lending have gone far enough to protect communities.

Authors
Oxfam Canada

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