International Finance Corporation watchdog in turmoil following scathing report on microfinance in Cambodia

In June, the World Bank announced that it would be merging the CAO with the group’s two other accountability mechanisms. The change, it said, was “designed to make the accountability process simpler and clearer for complainants to navigate.”

The board’s actions regarding the CAO’s microfinance investigation have heightened already existing concerns that the reorganization will reduce oversight of the IFC, said Stephanie Amoako, policy director at Accountability Counsel, a nonprofit that advocates for people affected by international development projects.

Read the full article from ICIJ here.