The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
World Bank Group
The International Finance Corporation praises the pulp and paper company Stora Enso as an industry leader in environmental and social standards, but questions about Stora Enso’s Dutch tax arrangement remain unresolved.
New report provides evidence that IFC investments in financial intermediaries (FIs) support the construction of coal power plants in contradiction to World Bank policy and IFC statements that FI lending is ring-fenced and does not support coal.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
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.
The World Bank's IDA18 replenishment raised $75 billion, with increased reliance on capital markets and launched new $2.5 billion private sector window through IFC and MIGA.
UN High Level Panel on women’s economic empowerment publishes flagship report, civil society expressed concerns macroeconomic perspectives are lacking, despite Bank and Fund being on the panel.
CAO report validates 2013 complaint by Indian NGOs on IFC investment in colonial tea plantation in Assam. The IFC's action plan is very limited in scope.
The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.
World Bank appoints new General Counsel while civil society watches for change in approach on human rights.
Civil society has called on the World Bank to terminate its Enabling the Business of Agriculture initiative.
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
Notes from a side event at the IMF/World Bank 2016 annual meetings on the role of management in ensuring development banks responds appropriately to community complaints.
Notes from a side event at the IMF/World Bank 2016 annual meetings launching a new report on bonds issuance in Nigeria, Zambia and Ghana, followed by a panel discussion on government bonds as a debt issue.
Notes from a side event on implementation of the new World Bank environmental and social framework, which took place during the World Bank-IMF 2016 annual meetings.
Notes from a side event at the IMF/World Bank 2016 annual meetings discussing lessons learned from the World Bank Group’s experiences with high risk projects, safeguards, gender equality, Indigenous Peoples, and environmental and social management systems, and how these should be applied to the Green Climate Fund.