The World Bank is in the final stages of revising its policy on structural adjustment. After consultations were held on an issue paper Bank staff are now drafting the policy itself. It is expected to be discussed by a subcommittee (CODE) of the Bank’s Board at the end of October and finalised by the end of the year. Despite previous hints that the draft policy would be made public for comment the Bank has not yet formally committed to do so and has been vague on setting any timeline.
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.
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