Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
Regional Development Banks
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.
The government of Suriname has cancelled its loan programme with the IMF, claiming its conditionalities were too much to bear for its citizens.
A new report by Sierra Club and Oil Change International highlights the need for MDBs to establish criteria for energy access for the poor within their energy portfolios in order to achieve the goal of universal energy access by 2030.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
Notes of a meeting on how to make PPPs work at the World Bank-IMF annual meetings 2014
Bretton Woods Project has published a briefing examining five MDBs' fossil fuel investments and exposure to the carbon bubble.
Sponsors: NEPAD Business Group, African Business Roundtable Panelists: AfDB representative, Agnes Dasewicz, (Private Capital Group of…
Sponsor: Bank on Human Rights Panelists: Isabel Lavadenz-Paccieri (Former Ombudsperson for the Independent Consultation and Investigation Mechanism,…