Farmers and Fishermen Sue IFC Over Non‑Compliant Gujarat Coal Plant Loan

Farmers and Fishermen Sue IFC Over Non‑Compliant Gujarat Coal Plant Loan The passage reveals a U.S. lawsuit against the International Finance Corporation (IFC) for alleged environmental and social violations tied to a $450 million loan for a coal plant in Gujarat, India. It provides concrete details (loan amount, year, location, parties) that could be pursued for further investigation into IFC oversight, potential corruption, or undue influence, but it does not implicate high‑level political figures or novel financial flows beyond what is publicly known about IFC projects. Key insights: IFC loaned $450 million to Coastal Gujarat Power Limited in 2008 for a coal‑fired plant.; Loan required compliance with an environmental and social action plan; IFC could revoke funding for non‑compliance.; Internal audit found Coastal Gujarat failed to meet the plan and criticized IFC’s supervision.