The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff.
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C., in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are:
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
Tambogrande is a small town in the Piura Province of the Piura Region in northwestern Peru. One of many small towns chosen as a site for mining development during Peru's mining boom in 1999, Tambogrande achieved prominence for successfully opposing the Manhattan Minerals mining development in the area.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Yanacocha is a gold mine in the Cajamarca region of the Northern Highlands of Peru. Considered to be the fourth largest gold mine in the world, it produced 0.97 million ounces of gold in 2014. The 251-square kilometer open pit mine is situated about 30 kilometers north of Cajamarca, in high pampa, straddling the watershed. The operation is a joint venture between Newmont Goldcorp, Compañia de Minas Buenaventura (43.65%) and the International Finance Corporation (5%).
Grupo México is a Mexican conglomerate that operates through the following divisions: Mining, Transportation, Infrastructure and Fundacion Grupo Mexico.
Alberto Carrasquilla Barrera is a Colombian politician who served as the Minister of Finance and Public Credit under the government of President Iván Duque, and previously under President Álvaro Uribe. In May 2021 he resigned office over the protests surrounding a controversial tax reform in the middle of the COVID-19 pandemic.
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
The mineral industry is one of the main sectors of the Armenian economy and in 2017 accounted for 30.1% of its exports.
The mineral industry of Peru has played an important role in the nation's history and been integral to the country's economic growth for several decades. The industry has also contributed to environmental degradation and environmental injustice; and is a source of environmental conflicts that shape public debate on good governance and development.
Canada and Mali established diplomatic relations in 1972. Mali has an embassy in Ottawa whilst Canada has an embassy in Bamako.
Canadian mining in Latin America and the Caribbean began in the 20th century. Latin America and the Caribbean's vast resources give the region great geopolitical importance, attracting foreign interest for centuries. From the colonial race of European empires, to the multinationals of today's neoliberal capitalist world, this region continues to draw interest. Canada's involvement in Latin America increased dramatically since 1989 with several landmark negotiations and agreements. From 1989 to 2001, of the top 20 mineral exploration investors in Latin America, seven were Canadian companies. By 2009, the Canadian larger-company mineral exploration market in this region was valued at US$1.7 billion.
Conga Project is a gold mining and copper mining project in Cajamarca Region of Northern Peru. It is a project of Minera Yanacocha, a company mainly owned by Newmont Mining Corporation.
The Quellaveco mine is a large copper mine project located in the south of Peru in the Moquegua Region. It is undergoing government environment approvals for its Environmental Impact Assessment. The last EIA modification was submitted in 2014. The Quellaveco mining property is majority–owned by Anglo American. Quellaveco represents one of the largest copper reserves in Peru and in the world, having estimated reserves of 1.1 billion tonnes of ore grading 0.55% copper. The planned development of the mine estimates a processing capacity of 85000 metric tonnes per day. Fluor Corporation has been assigned as the EPCM contractor for this project.
Máxima Acuña is a Peruvian subsistence farmer and environmentalist, who is known for her fight to remain on land wanted for a new mine, the Conga Mine, enduring years of violent intimidation by Newmont Mining Corporation and Buenaventura, for which she received the 2016 Goldman Environmental Prize.
The World Bank lists Peru as an upper-middle income country. The Peruvian government has been keen to follow the World Bank's policies for growth. As of September 2018 Peru has $485.44 million in outstanding loans with a mix of 19 different institutions and sectors. The policy reform undertaken by the Peruvian government with the assistance of the World Bank, has stimulated one of the fastest growing economies in Latin America.
The relationship between Ethiopia and the World Bank was formalized on December 27, 1945.
Mali joined the World Bank Group in 1963 after they gained their independence from France in 1960. They are a low-income country with 41.3% of their population living under the poverty line in 2019. Additionally, Mali is a landlocked country whose economy is vulnerable to changes in climate. Thus, Mali has relationships with the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporations (IFC), and the Multilateral Investment Guarantee Agency (MIGA). In 2019, the IBRD and IDA committed to lending 500 million US dollars to projects in Mali, a large jump from 2018, where only US$178 million was lent. The bank group is currently involved in 30 projects in the region.These projects focused on areas such as mining, cotton, climate change, good governance, and health. Since 2013, the World Bank Group has worked alongside their UN mission counterpart, MINUSMA to create stability and growth in the region. The current World Bank Country Director for Mali is Soukeyna Kane.
Choropampa, The Price of Gold is a 2002 Peruvian documentary film written and directed by Ernesto Cabellos and Stephanie Boyd in their directorial debut. The film tells of the struggle of the local Choropampa community to protect themselves from the large-scale exploitation of a gold mine.
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