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.
Latin America & Caribbean
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.
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.
The Inspection Panel's Pilot is criticised for undermining the Panel’s authority, allowing World Bank management to circumvent compliance investigations, and perpetuating existing power imbalances between the Bank, its clients and communities.
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.
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.
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.
Notes from a meeting at the IMF/World Bank CSO Forum at the 2015 Annual meetings, focusing on impact of World Bank support to Peru's climate change strategies.
New World Bank report shows lack of access to basic health services has pushed six per cent of the global population into poverty, as the IFC continues to support private health providers.
Notes from a meeting on energy during the World Bank spring meetings.