The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
Regional Development Banks
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.
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
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 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,…
Samuel Dash Conference on Human Rights, Georgetown University Law Center The substance of lending safeguards…
IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.