The US Supreme Court on Tuesday denied the International Finance Corporation (IFC), an international organization, “absolute immunity” from lawsuits in the US.
About 10 years ago, IFC, an IOIA international organization, entered into a loan agreement with an Indian company to finance the construction of a coal-fired power plant in Gujarat. Local farmers, fishermen and a small village sued the IFC, seeking injunction relief, claiming that pollution from the plant harmed the surrounding air, land and water.
