A draft paper on climate change from the World Bank and other development agencies has been criticised for not going far enough. Friends of the Earth International and Tear Fund said the report “does not suggest that industrialised countries need to address vulnerability outside the confines of their ODA policy”, for example in trade policies. Global Commons Institute focused on the need for any reports on this topic to explicitly link their analysis to the overall requirement for climate change prevention/mitigation to avoid giving the impression that mitigation is easy or economically viable.
World Bank & IMF in the news
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.