As the IFC sets out a new strategy, CAO and CSO reports have raised further criticism over its investment in financial intermediaries, and a new law suit challenges its immunity.
Latin America & Caribbean
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.
CSOs have refused to participate in a World Bank PPP consultation until transparency and accountability concerns are addressed.
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.
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.
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.
Notes from IEG-sponsored citizen's engagement civil society policy forum session - 19 April
Peruvian CSOs have raised concerns about the development of Peru's Country Partnership Framework in an open letter to the World Bank.
Notes of spring meeting session on impact investments, 18 April.
Notes from a meeting at the IMF/World Bank CSO Forum at the 2016 Spring meetings, exploring human rights, social policy and gender equality, examining the IMF’s pilot surveillance work on inequality and gender and the World Bank’s new gender strategy.
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.
Civil society responds to World Bank president Jim Yong Kim statement on human rights abuses and displacement by calls for the World Bank to suspend funding to Honduras amid continued human rights concerns.
The best books and papers on the World Bank and IMF from 2015.
Every year the Bretton Woods Project highlights some of the most farcical remarks of Fund and Bank staff.