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.
Eastern Europe & Central Asia
The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.
In response to increasing concern about the safety of human rights and environmental defenders, the World Bank’s accountability mechanisms look to improve complainant protection against retaliation and intimidation.
Notes from a meeting at the IMF/World Bank CSO Forum at the 2016 Spring meetings discussion the socio-economic impacts of the Syrian crisis, the outgoing flow of migration and the World Bank’s model on how to tackle these issues following its new report.
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
The Pilot Program for Climate Resilience (PPCR) has called for urgent donations to be able to finance projects pending approval. The CIF strategic directions paper proposed for a new private sector window to be set up. Concerns were raised about community consultations in Samoa and around resettlement risks related to a Haiti project.
Concerns continues over slow progress in implementing the Scaling up Renewable Energy Program in Low Income Countries (SREP) investments plans and lack of funding for new pilot countries, as well as constraints on grant resources. The CIF strategic directions paper proposed an enhanced private sector programme for energy access. Questions on consideration of indigenous peoples were raised in relation to Liberia and Tanzania projects.
The World Bank and other multilateral development banks continue to push for public-private partnerships for infrastructure projects, despite concerns of debt risks and lack of transparency.
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
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.
A report has cast further doubts on the viability and efficiency of the proposed lignite coal power plant in Kosovo which the World Bank is considering supporting.