An 8-member standing committee of the Board of Executive Directors, COGAM advises the Board on issues of governance and administrative policy such as codes of conduct on corruption. It is the key committee in following up on the agenda to increase the ‘voice’ and participation of developing countries at the Bank. Previously CODAM.
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.