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.
East Asia & Pacific
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
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.
A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.
An IMF staff blog has acknowledged weaknesses in IMF’s approach to debt sustainability, meanwhile civil society continues to demand human rights-based approach considering who bears burden of debt repayment.
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.
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.
Indonesian organisations have demanded that the World Bank stops funding harmful infrastructure funds, highlighting impacts on the environment and indigenous communities.
IMF reaches new loan agreement with Mongolia, amidst civil society concerns about impacts on Mongolian people.
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.
A US Congresswoman has called for an end to the World Bank’s investments in water privatisation until a robust evaluation has taken place.
The World Bank has signed a co-financing agreement with the Asian Infrastructure Investment Bank, while former Bank staff join the new institution.
The Inspection Panel has deferred a decision to investigate a complaint regarding environmental, social and economic damage related to a World Bank funded mining project in Mongolia.
Evictees and affected families of Cambodia's Boeng Kak and Borei Keila neighborhoods have called on the World Bank to leave Cambodia, as lending programme resumes.