Banks are not above the law, and now, individuals and groups have the right to sue the World Bank. That’s according to a 7-1 decision by the United States Supreme Court in the case of Jam Vs. International Finance Corporation. IFC is the arm of the World Bank that lends to private sector interests in developing nations.
This recent, landmark decision could make it possible for millions of individuals around the world to sue the World Bank for damages related to environmental destruction and health issues, if those issues are related to internationally funded development projects, according to reporting by NPR.
