Jin-Yong Cai By Our Representative The international financiers of the Tatas’ Ultra Mega Power Plant at Mundra, Gujarat coast, International Finance Corporation (IFC), a World Bank arm, has declared that it will not act against the project, as it falls within the World Bank Group’s 2013 Energy Sector Directions Paper on “sustainable energy”. Signed by Jin-Yong Cai, executive vice-president and CEO of the IFC, in the wake of the IFC ombudsman’s adverse audit report on the Tata Mundra project, it claims, the World Bank paper “reflects the latest thinking on global energy needs, climate change, and low-carbon economic development”, which is “forward-looking and not meant to be applied retroactively to projects such as Tata Mundra.”