IFI governance

Background

Big Shift: How can the Development Banks align with the Paris Agreement?

18 April 2018 | Minutes

Panel participants from left to right: Nezir Sinani, BIC Europe; Helena Wright, E3G; Jason Allford, Australian ED to the World Bank; and John Roome, WBG Senior Director, Climate Change.

Panellists:

  • Jason Allford (Australian Executive Director [ED], World Bank) (Moderator)
  • Helena Wright (Senior Policy Advisor, E3G)
  • Nezir Sinani (Director, Bank Information Centre Europe)
  • John Roome (Senior Director, Climate Change Global Practice, World Bank)
  • Juan Pablo Bonilla (Manager of the Climate Change and Sustainable Development Sector, Inter-American Development Bank)

Session summary:

Multilateral Development Banks (MDBs) have a vital role in supporting member countries to meet the agreed goals under the Paris Agreement on climate change. How can they align their activities and shift investment from fossil fuels to clean energy? This event will present the latest research and case studies. This event was co-sponsored by E3G, Bank Information Center Europe, Christian Aid and Urgewald.

Jason Allford, Australian ED to World Bank: Climate change is a political issue. There are tensions within the World Bank’s Board on this issue, and the differences in position are evident in my constituency, where I represent Australia, which has been slow in implementing the Paris Agreement, along with ten of the Pacific Island Countries, who are at the front lines of climate change impacts including sea level rise.

Helena Wright, E3G: A new report which will be published in May, entitled ‘Banking on Reform: Alignment of the Multilateral Development Banks and the Paris Climate Agreement’,  ranks MDBs across a number of areas, in terms of how they are aligning themselves with the Paris Agreement.

Here are some of the preliminary findings:

  • MDBs are in a really catalytic position for achieving global climate goals. Yet, across the MDBs, climate finance has hardly increased over the period FY13-FY16, and funding for fossil fuels continues. This was particularly discouraging as many of these fossil fuel projects were approved in the wake of the Paris Agreement.
  • Energy finance: According to the figures reported to the OECD, ‘green’ energy finance (renewables) versus ‘brown’ (fossil fuel) finance ratios across the major MDBs vary. For the WBG, there was 1.1-1.0 ratio for 2015-16. There are some issues with how data is reported to the OECD, which reflects larger challenges of accounting for climate finance).
  • Greenhouse gas accounting in the MDBs:  All the MDBs included in the scorecard are adopting this, to differing degrees.
  • Shadow carbon pricing: again these approaches vary across the MDBs. Recently WBG has committed to aligning its internal carbon pricing with internationally agreed best practice.
  • Support for developing countries’ Nationally Determined Contributions (NDCs) to the Paris Agreement: All the MDBs provide some level of support. The Inter-American Development bank (IADB) has an example of best practice, which is its NDC Invest programme.
  • Green bonds: another area most MDBs are active in. The World Bank Group, including the International Finance Corporation, has been active in growing the green bonds market over the past decade.
  • Potentially transformational case studies: These include IFC’s EDGE programme,  which is a no cost assessment tool for green buildings.
  • Where MDBs are leading and where they’re lagging behind: For IADB – it’s supporting countries with deep decarbonisation, but doesn’t currently have an internal shadow carbon price. For WBG: only MDB to rule out ‘upstream oil and gas finance’, but still has largest fossil finance portfolio across major MDBs.
  • Lack of data in some areas: for example, there is little information about how much climate finance is going to forests, across all MDBs.
  • Recommendations for WBG: Should consider updating energy strategy to reflect recent climate commitments; ensure GHG incorporates best practices; long-term 2050 planning (NDCs under Paris don’t get us to where we need to be under Paris Agreement).

Nezir Sinani, Bank Information Center Europe: As John Roome will likely talk about in a bit, the World Bank is doing a lot of good things on climate change. But in this presentation, I am going to look at how fossil fuels are being financed by the World Bank indirectly, and discuss the ways that this is occurring.

Financial intermediaries (FIs): Case study – the Philippines. There is currently a case under investigation by the IFC’s Compliance Advisor Ombudsman (CAO), stemming from a complaint filed in October. The CAO has accepted the case of 11 communities who say they are negatively affected by new coal power plants. IFC provided equity investment to commercial banks in the Philippines, who then provided finance for these coal plants. This is the first complaint to the CAO that specifically cites climate change as one of the reasons for the complaint.

The IFC have reduced high risk FI lending cases from 18 to 5. But there are too many remaining fault lines where we haven’t been able to find common ground:

  •  IFC argues that when they invest in a bank, they can’t help it if that bank then invests in coal if it’s part of the country’s energy mix. IFC says: “As Financial Institutions’ portfolios reflect the economic activities of the countries they operate in, many financial institutions continue to finance assets such as coal plants.… For example, in the Philippines, coal accounts for 45% of the energy supply and is part of the national energy strategy.” This line of thinking suggests that when the IFC invests in a bank, it lingers in the background, hardly altering a bank’s behaviour.
  • Yet RCBC’s (the FI in the Philippines link to CAO complaint) track record plainly shows otherwise. In fact, under the IFC’s watch, RCBC tripled its investment in coal, helping to kick-start the coal expansion in the Philippines. IFC must use its influence to shift banks towards renewables and away from fossils. It’s not enough to fund renewables with one hand, while still lending to fossils with the other.
  • Coal exposure tracking: as with the vast majority of the FI portfolio, there is close to zero transparency around where investments end up. We can only reveal the shocking stats on coal because of access to expensive market databases like Thomson Reuters and Bloomberg.
  • IFC must insist that borrowers disclose at a minimum the name, sector and location of sub-projects they invest in. That way civil society and affected communities can track whether IFC is truly changing its behaviour and backing out of fossils. IFC argues that it can’t be done, saying, “Portfolio-wide, client-level disclosure is not standard practice by financial institutions in developed markets, and will be challenging to institute in emerging markets.” But that’s not the case. Right here in the US, the American EXIM – OPIC – also lends to financial intermediaries. OPIC currently releases subproject information, such as sector, location and amount regardless of whether the client is a bank or a fund – so IFC can and should do the same.

We want IFC to lead in its FI investments, not follow from the background. IFC must insist that borrowers disclose projects publically, so that affected communities can raise concerns while the project is in the proposal phase. Currently, in order for CSOs to get access to this information, we have to subscribe to databases like Bloomberg’s investments database, which costs $30,000 a year.

Development Policy Loans (DPLs): the Bank requires ‘prior actions’ (regulatory changes) before countries can take out these loans, which provide them with general budget support. In our research on four DPLs in Mozambique, Indonesia, Peru and Egypt, policy reforms that encouraged public-private partnerships directly benefitted the fossil fuels industry after these laws came into place. These are effectively fossil fuels subsidies, and we want the Bank to look at who benefits from these types of regulatory changes.

John Roome, Senior Director, Climate Change, WBG: Addressing climate change is fundamental to the WBG’s twin goals of achieving shared prosperity and ending extreme poverty: it will hit poor the hardest. The recently published Groundswell report by the World Bank suggested that 140 million people in developing countries could be forced to undertake internal migration by 2050, without significant interventions.

We’re making progress on climate action. The Bank is on track to meet climate-related finance targets under the 2016-2020 Climate Change Action Plan, which calls for 28 per cent of our investments to be climate-related by 2020. We’ll be announcing updated climate targets at COP24 in Poland later this year, where we will give a transparent update on progress. We’re working with a number of countries on their NDCs (Nationally Determined Contributions to the Paris Agreement), although we’re not currently publishing what we’re doing. We’re also part of multilateral discussions on a partnership strategy for 2050 planning – which considers what the world will look like in 2050, including low-carbon but also climate resilient infrastructure.

In the case of DPLs, we believe that these are actually key to driving climate action. More ‘prior actions’ can be used to drive green growth, and more and more DPLs actually include these types of prior actions.

On leveraging finance, we’re very active in the green bonds market development, and in working with developing countries to launch these bonds.

On alignment with the Paris Agreement, we’re integrating internal carbon pricing into project proposal analysis across the WBG. We’re also working with UNFCCC to validate our greenhouse has (GHG) accounting methodology, which we’ll make public later this year. For the new ESF [the bank’s new Environment and Social Framework safeguards] there is also a requirement to do project-level GHG accounting.

On financial intermediaries (FIs): the WBG does not directly finance any coal power plants since the ESKOM deal [a loan to South Africa in 2010], and made a pledge in December, to phase out finance of ‘upstream’ oil and gas after 2019. We’re also trying to create the market for renewable energy. Neither IFC nor the Bank allows direct financing for coal. Nezir was referring to general financing for FIs, which is not tracked. Having said all that, building strong financial institutions in developing countries is absolutely key, so we have to balance finance for FIs with policies to prevent coal explosure.

On the issue of green-to-brown finance ratios – we need to come together with CSOs on a common basis for this data, as your numbers and ours are quite different.

Juan Pablo Bonilla, Inter-American Development Bank: More important than increasing climate finance is mainstreaming climate action across the institution. We have been working on developing a transversal approach across our different areas of work, in order to mainstream climate action. The role of donors is important. The more you’re able to work with countries to develop transversal approaches, the more impact you can have. The key is to develop transversal approaches that build a bottom up approach.

Adaptation is way more complicated to invest in than mitigation, which is most of our climate finance. Sustainable infrastructure is key; there is a need to work upstream with governments to ensure these projects enter the pipeline. We also need to include factoring in climate risk with adaptation.

On internal carbon pricing: we don’t have an approach, and we’re asking other MDBs and investigating different approaches. But honestly we’re not quite ready; we’re trying to build mainstreaming from the ground up.

Q&A:

Jon Sward, Bretton Woods Project: How are the Bank and IADB currently working with countries on understanding the risks of stranded assets, with respect to planning for a low-carbon transition on the 2050 time horizon.

Christian Donaldson, Oxfam: On FIs, will IFC publically disclose how clients are exposed to coal?

Representative from Young Diplomats of Canada: Is the upstream pledge a double standard in terms of the World Bank cutting off poor countries from a development path that developed countries have used, in terms of being able to access finance to develop their natural resources?

Mongolian CSO: The Bank is doing technical analysis of coal expansion in our country, which will be funded by China.

John Roome: On the upstream pledge, we understand the critique, but ultimately we don’t feel funding ‘upstream’ oil and gas, given the current climate challenges, is a good use of the Bank’s relatively scarce public funds. On Mongolia, I’d be very surprised if the Bank is heavily involved in this. On this issue of FIs disclosure, this is a live discussion but one that goes much broader than merely climate issues, and touches on financial inclusion. So it requires a discussion across different parts of the Bank in order to move forward. We’ve begun analytical work towards planning for 2050. On low-carbon infrastructure and stranded assets: within sectors there is ongoing dialogue with those countries who are dependent on intensive extractive industries about ways to get them on a different pathway.

Juan Pablo Bonilla: Stranded assets and sustainable infrastructure involves a difficult discussion. But it’s very important, especially for long-term planning. The lead of our climate division has been very active in creating awareness, and I think there is very limited knowledge within Central Banks about this issue and so we are working to communicate this.

Jason Allford: On the upstream pledge, developing countries are asking us for helping in adapting to climate change. They want our help with their NDCs, and renewables are now much more competitive, so for the island nations I represent this is much more sustainable than being dependent on importing oil and gas.

 

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20 April 2012 | Minutes

Kosovo's options for a sustainable energy future

Minutes of presentation and discussion on Kosovo's options to develop a sustainable energy future, Washington DC, 20 April 2012.

Infrastructure

Background

20 April 2012 | Minutes

World Bank's Climate Investment Funds 4 years later

Minutes of meeting on the World Bank-housed Climate Investment Funds and the Green Climate Fund, Washington DC, 19 April 2012

Land

Background

20 April 2012 | Minutes

Agriculture and Food Security

Minutes of agriculture and food security meeting, Washington DC, 19 April 2012

Infrastructure

Background

20 April 2012 | Minutes

Climate change, energy access and sustainable development

Minutes of climate change and energy access meeting, Washington DC, 18 April 2012

IFI governance

Background

19 April 2012 | Minutes

Supporting Social Accountability for Better Results

Minutes of World Bank Social accountability plenary, Washington DC, 19 April 2012

IFI governance

Background

19 April 2012 | Minutes

Development Policy Lending (DPL) Retrospective consultation

Minutes meeting, Washington DC, 18 April 2012

Environment

Background

19 April 2012 | Minutes

IMF Consultation on Natural Resources Management and Taxation

Notes of meeting, Spring meetings 2012, Washington DC

Infrastructure

Background

26 September 2011 | Minutes

India's energy future: Consequences of India's coal rush and alternative energy scenarios

Notes of a panel discussion, Washington DC, 20 September 2011

Infrastructure

Background

26 September 2011 | Minutes

India's energy future: What role for the Bank?

Notes of meeting, Washington DC, September 21, 2011

Gender

Background

26 September 2011 | Minutes

Civil Society Strategy Meeting on the Doing Business rankings

Notes of a meeting, Washington DC, 21 September 2011

Environment

Background

26 September 2011 | Minutes

CSO Roundtable with Lars Thunel

Notes of a meeting, Washington DC, 21 September 2011

Environment

Background

26 September 2011 | Minutes

Safeguards and climate finance in Indonesia in the context of REDD+

Notes of meeting, Washington DC, September 23, 2011

Gender

Background

23 September 2011 | Minutes

Seminar - Gender Equality Matters: The Way Forward

Notes of meeting, Washington DC, September 21, 2011

IFI governance

Background

23 September 2011 | Minutes

CSO Townhall with Robert Zoellick and Christine Lagarde

Notes of meeting, Washington DC, September 22, 2011

Infrastructure

Background

23 September 2011 | Minutes

Scaling up Climate Finance

Notes of meeting, Washington DC, September 22, 2011

IFI governance

Background

23 September 2011 | Minutes

Financial Transaction Tax implementation

Notes of a meeting, Washington DC, 22 September 2011

Finance

Background

23 September 2011 | Minutes

Real Aid

Notes of a panel discussion, Washington DC, 21 September 2011

Environment

Background

23 September 2011 | Minutes

Plundered nations?

Notes of a meeting, Washington DC, 21 September 2011

IFI governance

Background

18 April 2011 | Minutes

Consultation on Program for Results (P4R)

Notes of meeting, Washington DC, April 16, 2011

Rights

Background

18 April 2011 | Minutes

Safeguards consultation, World Bank, 16 April 2011

Summary of consultation held at the World Bank in Washington, 16 April 2011

IFI governance

Background

18 April 2011 | Minutes

IFC and Financial Intermediary Lending

Notes of meeting, Washington DC, April 15, 2011

IFI governance

Background

15 April 2011 | Minutes

How the Financial Stability Board Affects Development Prospects: Opening the Black Box

Notes of a meeting held in Washington DC, 15 April 2011

Finance

Background

14 April 2011 | Minutes

IFC's international development goals

IFC staff member discusses plans for goals to guide future work in private sector development.

Land

Background

14 April 2011 | Minutes

The regulation of excessive speculation in commodity markets: what's at stake

Financial experts critically discuss commodity speculation.

IFI governance

Background

13 April 2011 | Minutes

IMF triennial surveillance review

Notes of meeting, Washington DC, April 13, 2011

Finance

Background

13 April 2011 | Minutes

Meeting between the UK IMF Executive Director Alex Gibbs, HM Treasury and UK civil society organisat

Notes of the seminar of spring meetings 2011

Environment

Background

12 October 2010 | Minutes

Energy, Poverty, Sustainability and Climate Change

Minutes of a seminar at the 2010 annual meetings, 8 October 2010

IFI governance

Background

12 October 2010 | Minutes

Held in reserve: can a new approach to monetary policy transform the global economic outlook?

Minutes of an experts seminar held on the sidelines of the 2010 Annual Meetings of the IMF, 7 October 2010

IFI governance

Background

12 October 2010 | Minutes

Investment lending reform

A briefing by World Bank staff on the investment lending reform, 9 October 2010

Knowledge

Background

11 October 2010 | Minutes

Post MDG Summit

Notes of the seminar of annual meetings 2010

IFI governance

Background

11 October 2010 | Minutes

Future of the global financial and monetary system

Notes of the seminar of annual meetings 2010

IFI governance

Background

11 October 2010 | Minutes

Global economic governance

Notes of the seminar of annual meetings 2010

Conditionality

Background

8 October 2010 | Minutes

Civil Society Townhall Meeting with Robert Zoellick and Dominique Strauss-Kahn

Notes of the seminar of annual meetings 2010

Knowledge

Background

7 October 2010 | Minutes

Meeting between the UK IMF Executive Director Alex Gibbs , HM Treasury and UK civil society organisa

Notes of the seminar of annual meetings 2010

IFI governance

Background

29 April 2010 | Minutes

Future of the World Bank: major reforms or a series of minor adjustments?

Civil society event at the World Bank spring meetings 2010, 24 April

Infrastructure

Background

26 April 2010 | Minutes

Launch of Bank Information Center's (BIC's) model energy strategy

Civil society event at the World Bank spring meetings 2010, 24 April

IFI governance

Background

26 April 2010 | Minutes

A sustainable World Bank energy strategy: perspectives from various stakeholders

Civil society event at the World Bank spring meetings 2010, 23 April

IFI governance

Background

26 April 2010 | Minutes

Evaluation as a critical tool for accountability

Civil society event at the World Bank spring meetings 2010, 23 April

IFI governance

Background

23 April 2010 | Minutes

An IMF for the 21st century - the low-income country perspective

Civil society event at the World Bank spring meetings 2010, 22 April

Environment

Background

23 April 2010 | Minutes

Financing the response to climate change: special drawing rights (SDRs) for climate finance

Civil society event at the World Bank spring meetings 2010, 22 April

Infrastructure

Background

23 April 2010 | Minutes

Governance challenges in financing green and sustainable energy policies

Freidrich-Ebert-Stiftung event at the World Bank spring meetings 2010, 22 April

Infrastructure

Background

23 April 2010 | Minutes

Roundtable on post-crisis economic recovery

World Bank event at the World Bank spring meetings 2010, 22 April

Environment

Background

23 April 2010 | Minutes

World Bank, climate change and climate finance

Civil society event at the World Bank spring meetings 2010, 22 April

IFI governance

Background

9 October 2009 | Minutes

The IMF and protectionist trade policies: What does the record of the past 15 years tell us?

Seminar on the IEo evluation of IMF trade policy advice in Istanbul, 2 October 2009.

IFI governance

Background

8 October 2009 | Minutes

Financial sector policies in the crisis

Programme of Seminars session in Istanbul on 3 October 2009 with Zeti Aziz, Andrew Crockett, Christine Cummings, Sayed Sadeeq, and John Laker.

Environment

Background

8 October 2009 | Minutes

CSO Townhall meeting

Notes from the CSO townhall meeting with Dominique Strauss-Kahn and Robert Zoellick

IFI governance

Background

8 October 2009 | Minutes

IMF governance - CSO meeting with the IMF managing director

Minutes of a meeting between civil society organisations, IMF managing director Dominique Strauss-Kahn and IMF deputy managing director John Lipsky

Environment

Background

6 October 2009 | Minutes

Consultation meeting on World Bank environmental strategy

Summary of the first consultation on their new environment strategy, which they will develop next year.

IFI governance

Background

5 October 2009 | Minutes

The impact of financial regulation on developing countries

The impact of financial regulation on developing countries, World Bank Programme of Seminars, with Mingkang Liu, Joseph Stiglitz, and Alvir Hoffman.

Conditionality

Background

5 October 2009 | Minutes

The IMF: Change we can believe in?

The IMF: Change we can believe in? Notes of a civil society meeting in Istanbul. Speakers include Joseph Stiglitz, Andrew Kumbatira, Caroline Atkinson, and Bhumika Muchhala.

IFI governance

Background

5 October 2009 | Minutes

Future of the Global Financial System

Notes of part of a panel debate chaired by Martin Wolf of the Financial Times, Istanbul, 4 October 2009.

Finance

Background

4 October 2009 | Minutes

Report launch: Post-crisis growth in developing countries

Growth commission event in Istanbul.

IFI governance

Background

4 October 2009 | Minutes

The UN conference and the G20 summit

Minutes from The UN conference and the G20 summit, civil society policy forum discussion on 3 October 2009. Istanbul, Turkey

IFI governance

Background

4 October 2009 | Minutes

Critical debate on the World Bank and IMF

Summary of a presentation made by Professor Anwar Shaikh, the New School for Social Research, on "Monetary Policy and the Global Crisis"

IFI governance

Background

4 October 2009 | Minutes

Global economic governance roundtable

Summary of a discussion with German government representatives, Jomo KS of the UN and civil society organisations.

Environment

Background

27 April 2009 | Minutes

The World Bank's programs on forests and climate change

A civil society event organised by World Resources Institute (WRI) at the World Bank spring meetings 2009

IFI governance

Background

27 April 2009 | Minutes

Compliance Advisory Ombudsman review of standards for Bank’s private sector lending

Notes of a session with the CAO at the World Bank spring meetings, Washington, DC, April 22, 2009.

IFI governance

Background

25 April 2009 | Minutes

IMF crisis response- discussion

Notes of a meeting between the IMF and civil society organisations

Environment

Background

13 April 2008 | Minutes

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC

Environment

Background

11 April 2008 | Minutes

Macroeconomic and fiscal implications of climate change and the policies to address it

A briefing by IMF economists at the spring meetings 2008.

IFI governance

Background

11 April 2008 | Minutes

Briefing on the World Bank's Six Strategic Themes

Minutes of a briefing by World Bank staff on the WBG's six strategic themese

Conditionality

Background

11 April 2008 | Minutes

IMF consultation in advance of the PSI review

Notes of a consultation between IMF staff and NGOs in advance of the PSI review

Social services

Background

10 April 2008 | Minutes

Structural conditionalities in the IMF: A discussion between the IMF, IEO, and CSOs

An upcoming civil society report demonstrates that IMF structural conditionality did not decline in the five years after the approval of the Fund's conditionality guidelines in September 2002, which were based on the principles of ownership and criticality in its application of structural conditionality, as well as to streamlining the number of conditions. Going on seven years, it seems that these guidelines have been more honoured in principle than in practice. A recent Independent Evaluation O

Finance

Background

26 October 2007 | Minutes

Macroeconomic aspects of aid scaling up and the role of the Fund

Highlights of a 21 October discussion on the macroeconomics of aid scaling up at the World Bank-IMF annual meetings 2007.

Conditionality

Background

26 October 2007 | Minutes

Wage bill ceilings, fiscal and monetary policies and absorbing aid inflows - updates and next steps

Highlights of a 20 October discussion on the the IMF's fiscal and monetary policy advice and conditionality for low-income countries at the World Bank-IMF annual meetings 2007.

IFI governance

Background

26 October 2007 | Minutes

Rethinking the governance of the IMF

Highlights of a 19 October discussion on the reform of IMF governance at the World Bank-IMF annual meetings 2007.

IFI governance

Background

26 October 2007 | Minutes

The role of low-income countries in IFI governance

Highlights of a 19 October discussion on the role of low-income countries in IMF governance at the World Bank-IMF annual meetings 2007.

Conditionality

Background

26 October 2007 | Minutes

The IMF's Policy Support Instrument: more flexibility or continued belt tightening

Highlights of a 21 October discussion on the IMF's Policy Support Instrument (PSI) at the World Bank-IMF annual meetings 2007.

Environment

Background

23 October 2007 | Minutes

Townhall meeting and reception with World Bank and IMF presidents and civil society representatives

Highlights of an 18 October 'town hall' meeting between WB-IMF heads and CSOs.

Environment

Background

23 October 2007 | Minutes

The agenda of the Development Committee and the provision of Global Public Goods

Highlights of a 20 October meeting hosted by the FES Foundation on global public goods, at the World Bank-IMF annual meetings 2007.

Infrastructure

Background

23 October 2007 | Minutes

Climate change and clean energy challenges and opportunities in addressing Africa's growing energy n

Highlights of a meeting at the World Bank-IMF annual meetings 2007.

Infrastructure

Background

23 October 2007 | Minutes

Low carbon, high hopes: making climate action work for development

Highlights of a 19 October meeting at the World Bank-IMF annual meetings 2007.

Environment

Background

5 October 2007 | Minutes

Highlights of BWI-UK network meeting with Douglas Alexander

Highlights of a 4 October meeting between NGOs in the BWI-UK network and secretary of state for international development, Douglas Alexander, addressing IFI strategic reviews, aid effectiveness, clean energy/climate change and a number of other issues.

Conditionality

Background

27 April 2007 | Minutes

IMF macroeconomic policies and the impacts on education budgets and teacher wages

IMF civil society dialogue, spring meetings 2007 (14 April 2007)

Conditionality

Background

27 April 2007 | Minutes

IEO Evaluation of the IMF and Aid to Sub-Saharan Africa

Civil society dialogue, spring meetings 2007 (12 April 2007) on the IEO Evaluation of the IMF and Aid to Sub-Saharan Africa

IFI governance

Background

27 April 2007 | Minutes

European CSO meeting with European IMF EDs

Incomplete minutes of European CSO meeting with European IMF EDs, 13 April 2007

Conditionality

Background

20 April 2007 | Minutes

Fiscal space and fiscal priorities: Infrastructure, trade and poverty

This panel discussion addressed the pros and cons of fiscal space for infrastructure when infrastructure is trade-related, what they mean for current proposals by the World Bank and IMF on fiscal space, and the importance of an assessment that looks jointly at the trade and financial aspects on the grounds of poverty reduction, development and environment goals.

Conditionality

Background

19 April 2007 | Minutes

Sub-Saharan Africa: Outlook and Challenges

Sub-Saharan Africa: Outlook and Challenges; IMF-civil society dialogue, 13 April 2007

IFI governance

Background

26 October 2006 | Minutes

Highlights of Hilary Benn meeting with UK NGOs

Highlights of semi-annual meeting between UK Secretary of State for International Development and UK NGOs. Topics covered include CSO access to annual meetings, conditionality, anti-corruption, odious debt, clean energy, education in LICUS, bank internal governance, IFC safeguards

IFI governance

Background

26 September 2006 | Minutes

Highlights of Tom Scholar meeting with UK NGOs

Highlights of quarterly meeting between UK executive director to the World Bank and IMF and UK NGOs. Topics covered include CSO access to annual meetings, IMF strategic review, conditionality, anti-corruption and education.

IFI governance

Background

28 June 2006 | Minutes

Highlights of Tom Scholar meeting with UK NGOs, Monday 26 June 2006

Highlights of Tom Scholar meeting with UK NGOs, Monday 26 June 2006

IFI governance

Background

9 May 2006 | Minutes

Policy issues in scaling up of aid flows

Highlights of a spring meetings dialogue hosted by the IMF on scaling-up aid, where senior Fund staff Peter Heller walked out.

Social services

Background

28 April 2006 | Minutes

Evaluating the impact of the PRGF: The cases of Ethiopia, Malawi, Tanzania and Zambia

Highlights of a civil society dialogue on the IMF Poverty Reduction and Growth Facility, at the World Bank spring meetings in Washington, 20 April 2006.

Infrastructure

Background

27 April 2006 | Minutes

World Bank dialogue on the clean energy investment framework

Highlights of a World Bank-organised dialogue on its new clean energy investment framework at the spring meetings in Washington, 24 April 2006.

IFI governance

Background

25 April 2006 | Minutes

Briefing on the implementation of new IFC performance standards

Briefing on the implementation of new IFC performance standards at the World Bank-IMF spring meetings in Washington, 20 April 2006.

Conditionality

Background

25 April 2006 | Minutes

Dialogue on national development strategies and the Millennium Development Goals

Dialogue on national development strategies and the Millennium Development Goals at the World Bank-IMF spring meetings in Washington, 20 April 2006.

Finance

Background

25 April 2006 | Minutes

Dialogue on Fund role in middle-income countries

Dialogue on Fund role in middle-income countries at the World Bank-IMF spring meetings in Washington, Thursday 20 April.

IFI governance

Background

6 October 2004 | Minutes

Grants or Loans? The Full Debate

The session considered the arguments surrounding the provision of grants or loans by IDA. It considered the recent call by President Bush for the World Bank and other development banks to provide more of their funds to the poorest countries as grants, in recognition of the pivotal role that grants play in providing prudent financing for pressing development needs.

IFI governance

Background

4 October 2004 | Minutes

CSO meeting with European Executive Directors

Note from meeting in Washington between European IFI network and European EDs as part of the civil society programme of the World Bank and IMF Annual Meetings 04.

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Analysis and look-back of this year's World Bank and IMF Spring Meetings; CSOs remain unconvinced of Bank's capital increase while Fund deals with looming debt crisis.

24 April 2018

IFI governance

Analysis

Development Committee communiqué analysis - Spring 2018

Analysis of the Development Committee communiqué issued on 21 April, from the 2018 World Bank-IMF Spring Meetings, Washington DC.

24 April 2018

IFI governance

Analysis

G24 communiqué analysis - Spring 2018

Analysis of the G24 communiqué, issued on 19 April, from the 2018 World Bank-IMF Spring Meetings, Washington DC.

23 April 2018

IFI governance

Analysis

IMFC communiqué analysis – Spring 2018

Analysis of the IMFC communiqué, issued on 18 April, from the 2018 World Bank-IMF Spring Meetings, Washington DC.

23 April 2018

IFI governance

Background

A lost decade for human rights? Assessing austerity and its alternatives 10 years on from the financial crisis

Notes from the 20 April Civil Society Policy Forum session on assessing austerity and its alternatives 10 years after the global financial crisis at the World Bank and IMF's Spring Meetings.

20 April 2018 | Minutes

IFI governance

Background

Financing development through financial intermediaries: Exploring best practices in transparency

Notes from the 19 April Civil Society Policy Forum session on financing development through financial intermediaries at the World Bank and IMF Spring Meetings.

19 April 2018 | Minutes

IFI governance

Background

Financial crisis 10 years on. Has the response to 2008 laid the foundations for the next?

Notes from the 19 April Civil Society Policy Forum session on the response to the 2008 financial crisis at the World Bank and IMF's Spring Meetings.

19 April 2018 | Minutes

IFI governance

Background

The promotion of Public-Private Partnerships – exporting a failed model?

Notes from the 19 April Civil Society Policy Forum session on the World Bank's promotion of public-private partnerships at the World Bank and IMF's Spring Meetings.

19 April 2018 | Minutes

IFI governance

Background

Big Shift: How can the Development Banks align with the Paris Agreement?

Notes from the 18 April Civil Society Policy Forum session on aligning multilateral development banks with the Paris Agreement at the World Bank and IMF's Spring Meetings.

18 April 2018 | Minutes

IFI governance

Background

Can the World Bank improve energy access for the poor? The importance of transparency in achieving the SDGs

Notes from the 18 April Civil Society Policy Forum session on the World Bank's approach to financing energy access at the Work Bank and IMF's Spring Meetings.

18 April 2018 | Minutes