Is the World Bank doing its job?

The International Consortium of Investigative Journalists has been looking at the World Bank for awhile. Their report, “Evicted and abandoned: The World Bank’s broken promise to the poor,” was recently released and, as its title indicates, does not have a favorable opinion of the bank. Here are the report's key findings:

• Over the last decade, projects funded by the World Bank have physically or economically displaced an estimated 3.4 million people, forcing them from their homes, taking their land or damaging their livelihoods. 
• The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. 
• The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture. In some cases the lenders have continued to bankroll these borrowers after evidence of abuses emerged. 
• Ethiopian authorities diverted millions of dollars from a World Bank-supported project to fund a violent campaign of mass evictions, according to former officials who carried out the forced resettlement program. 
• From 2009 to 2013, World Bank Group lenders pumped $50 billion into projects graded the highest risk for “irreversible or unprecedented” social or environmental impacts — more than twice as much as the previous five-year span.