World Bank lending arm sees off lawsuit by Indian fishermen
by Claire Provost and Matt Kennard from on (#18Q3M)
A US judge has ruled that the IFC cannot be sued over a $450m loan for a power plant that the plaintiffs maintained had destroyed their livelihoods
A Washington DC judge has ruled that the World Bank cannot be sued in a case brought by Indian fishermen and farmers who said that an investment by the Bank's private sector arm in a giant coal-fired power plant had "destroyed their livelihoods".
In 2008 the International Financial Corporation (IFC) branch of the Bank announced a $450m loan for a subsidiary of the Tata Group conglomerate to build the power plant in Gujarat, billed as an essential project to help fuel India's ongoing economic development.
Related: Fishermen and farmers sue World Bank lending arm over power plant in India
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