In mid March the committee of participants for the Forest Carbon Partnership Fund (FCPF) met. The Bank Information Center expressed concerns that the FCPF process is occurring “without any significant participation by indigenous peoples or civil society”. NGOs agreed that there was a “need for greater transparency in the work of the FCPF”; as well as a full safeguard review to strengthen standards and ensure plans are consistent with Bank internal policies and international standards. Donors appear keener on the UNREDD fund which has already begun disbursing grants whilst the FCPF is yet to pay out. The next meeting of the participants committee will be held in June in Switzerland.
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.
Donate to the Bretton Woods Project
Established in 1995, the Bretton Woods Project (BWP) is a civil society watchdog of the International Monetary Fund and World Bank. By monitoring the work of these institutions, supporting and connecting critical civil society communities, and advocating for transformational change, the Project challenges their power and fights for the development of policies that are gender transformative, equitable, environmentally sustainable and consistent with international human rights norms.