After a preliminary investigation by the Inspection Panel into programmes to develop the rainforests of the Democratic Republic of Congo, the Bank has acknowledged that: it did not properly apply its safeguard policies; was “not aware of the existence of ‘Pygmy’ communities in areas that would be affected by its projects”; and that it was inappropriate to set targets for the number of new logging concessions. Simon Counsell, of NGO The Rainforest Foundation, said “this is a major victory for the Pygmy people of the Congo, whose rights and livelihoods could be seriously harmed by inappropriate development of the country’s rainforests.”
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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