The Forest Carbon Partnership Facility (FCPF, see Update 85, 84, 81, 78), a World Bank trust fund which supports developing countries’ national Reduced Emissions from Deforestation and Forest Degradation (REDD+) plans, continues to receive criticism from civil society and indigenous peoples groups. According to a mid March report by the Thai Climate Justice Working Group, a REDD+ workshop co-organised by the FCPF ostensibly “to provide an opportunity for CSOs [civil society organisations], local communities and ethnic groups engaged in the REDD+ process to review the Thailand RPP [readiness preparation proposal] draft” was held even though the draft strategy had already been sent to the FCPF committee, leading to a walk out by several groups. Furthermore, many groups had not been invited to a previous meeting, meaning that “the content of the draft was defective in important substance”. The report urged the Bank to take “steps towards a meaningful resolution” to avoid being “complicit in a non-transparent and fraudulent process that takes advantage of the people.”
World Bank & IMF in the news
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.