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.
Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.
As the world economy continues to stutter, many sub-Saharan African countries are turning to the Fund for financial support, though the Funds are coming with strict conditions to restrict spending.
The World Bank has granted a waiver of its indigenous peoples policy for a project in Tanzania, raising concerns about impact on indigenous communities and lack of consultation.
Notes from a side event on citizen engagement in World Bank operations, which took place during the World Bank-IMF 2016 annual meetings.
Notes from a side event on privatisation of education and low-fee private schools, which took place during the World Bank-IMF 2016 annual meetings.
The World Bank has announced that it is withholding new lending for Uganda, following the cancellation of a criticised road project.
Uganda has announced that it will close IFC-backed Bridge Academy private schools due to poor hygiene and sanitation.
The World Bank has suspended funding for the much criticised Inga 3 hydro power project in the Democratic Republic of Congo.
As the World Bank closed the third and final round of public consultations on its new draft social and environmental standards, further concerns have been raised about problematic and weak language.
The IMF has approved the third disbursement of a loan agreement to Ghana, however, concerns were raised regarding associated tax rises.
The best books and papers on the World Bank and IMF from 2015.