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Congo

Environment

Analysis

Forest Investment Program (FIP)

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.

30 November 2016

Environment

Analysis

Climate Investment Funds Monitor 14

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.

30 November 2016

Environment

Analysis

Climate Investment Funds Monitor 13

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.

13 June 2016

Environment

Analysis

Forest Investment Program (FIP)

The rationale for adding new pilot countries to the Forest Investment Program (FIP) given funding constraints has been questioned, as well as the focus on providing loans rather than grants. The CIF strategic directions paper noted challenges for the FIP, and proposed a new private sector window. Questions were raised about the consultation of ethnic minorities in relation to a Laos project.

13 June 2016

Environment

Analysis

Forest Investment Program (FIP)

Six new countries were invited to join the Forest Investment Program (FIP), with a further nine invited to develop investment plans, despite insufficient funds. Potential support for oil palm plantations in Democratic Republic of Congo and industrial logging in Indonesia and Peru were questioned.

4 November 2015

IFI governance

News

A forest of failures

A leaked copy of an evaluation of the Bank's forest strategy criticises the Bank's failure to address social and environmental goals. Further criticism has also been raised over the Bank's Forest Carbon Partnership Facility (FCPF).

12 February 2013

Environment

News

Competing to ‘light up’ Africa

The Bank's latest carbon reduction credentials are offset against the institution's continued funding for large-scale, grid-based energy sector loans.

5 October 2007

Environment

News

Congo: mining, conflict and complicity

A confidential World Bank memo dated September 2005 finds that three of the Democratic Republic of Congo’s biggest mining contracts were approved with “a complete lack of transparency”.

31 January 2007
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Other news

Infrastructure

News

World Bank's DRC hydro project derailed

The ongoing rehabilitation of the Inga dams in the Democratic Republic of the Congo, which receives financial assistance from the World Bank, will be delayed for three years.

12 April 2010

Environment

News

Bank violates own policies in Congo

The findings of an Inspection Panel investigation into the Bank's failure to comply with its own safeguard policies in its support for forest sector reforms in the Democratic Republic of Congo (DRC) was discussed by the board in January

1 February 2008

Environment

News

IFC offloads illegal timber trader

the IFC has offloaded its 3.35 per cent equity stake, worth up to $7.5 million in the Singapore-based global commodities trader, Olam International

1 February 2008

Environment

Background

The DRC's natural resources: a roundtable discussion on forestry, mining and the role of donor insti

Minutes of meeting

16 April 2007 | Minutes

Private Sector

News

Investigation demanded into World Bank reform of DRC mining

NGOs have called on the Bank to investigate two mining contracts between the Democratic Republic of Congo's state mining company and two British Virgin Island-based companies.

8 April 2006

IFI governance

News

Bank failed to apply safeguards in DRC: Inspection Panel

A preliminary investigation by the Inspection Panel has reveled serious concerns about Bank programmes to develop the rainforests of the Democratic Republic of Congo.

8 April 2006

Rights

News

Audit finds MIGA at fault in DRC mine

The independent audit of the Compliance Advisor Ombudsman was made public in February.

8 April 2006
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