The Clean Technology Fund (CTF), one of the controversial Bank-housed Climate Investment Funds (CIFs, see Update 75, 73, 68), was a victim of the 2011 US budget deal, which passed in April. The US has pledged $1.4 billion to the CTF. US president Barack Obama requested a $400 million 2011 disbursal of this pledge, but negotiations between the Democratic party-controlled Senate and Republican party-controlled House of Representatives resulted in a budget allocation of only $185 million. This was not as radical a reduction as that proposed by Republicans, who initially called for a complete axing of funding to the CTF.
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
New IMF gender guidance opportunity for civil society to keep its staff to account.
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