Impact
Who Are We?
BIC is a non-profit, non-governmental organization that advocates for transparency, accountability, sustainability, and inclusion in development finance. BIC is completely independent of governments and Multilateral Development Banks (MDBs) and aims to be community-driven.
START
1987
BIC is founded by Chad Dobson
1989
U.S. Congress passes Pelosi Amendment
1992
World Bank commissions first ever Independent Review of a project: Sardar Sarovar Dam, canceling the loan soon after
1993
Inspection Panel is created at the World Bank
1994
World Bank creates Information Disclosure Policy
1994
The Inter-American Development Bank Group (IDB Group) creates its first independent accountability mechanism, the Independent Investigation Mechanism
1997
World Bank creates first suite of Environmental and Social Safeguard policies
1999
World Bank creates Compliance Advisor Ombudsman, accountability mechanism of the IFC
2010
The IDB Group creates the Independent Consultation and Investigation Mechanism (MICI)
2012
IFC adopts updated Performance Standards
2015
Uganda Transport Sector Development Project case is filed at the Inspection Panel
2016
World Bank approves Environmental and Social Framework
2019
Civil Society creates the IDB Working Group
2020
The IDB approves new Environmental and Social Policy Framework and IDB Invest approves new Environmental and Social Sustainability Policy
2024
IFC/MIGA’s Approach to Responsible Exit is approved
2025
IFC/MIGA’s Remedial Action Framework is approved
END