EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project
GCF’s permanent trustee will chosen through open bidding process with final decision expected to be taken in October
Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits
Despite World Bank's One Planet Summit announcement that it will stop funding oil and gas extraction after 2019, it still has much to do to fully decarbonise its lending portfolio.
CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.
Civil society organisations call on World Bank Group to do more to prioritise forests and forest peoples’ rights.
Lack of progress on Loss & Damage finance at global climate talks means climate insurance remains default option to mitigate losses from climate change.
The Philippine Movement for Climate Justice (PMCJ) makes history by filing first ever climate-related complaint against the IFC with the Compliance Advisor Ombudsman (CAO).
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
The World Bank continues to push climate and disaster insurance programmes, despite concerns that such schemes are being ‘oversold’ and do not address the root challenges of making countries more resilient to climate change.