The World Bank has confirmed its intention to develop a Global Infrastructure Facility, prioritising projects that have stalled due to size or complexity, while concerns continue over the Bank’s support for the Democratic Republic of Congo Inga dams.
The World Bank-hosted Global Infrastructure Facility has been launched despite concerns over risks, including duplication with other initiatives, such as the new Asian Infrastructure Investment Bank.
World Bank president Jim Yong Kim reiterated the Bank’s intentions to develop a global infrastructure facility, while the G20 process on infrastructure continued to focus on PPPs. The G20 accountability report noted failure to address environmental safeguards, and criticism on privatisation in the energy sector was raised by PSIRU.
The Global Infrastructure Facility is expected to be launched as a World Bank-hosted programme in October. Concerns remain about the Bank’s continued support for fossil fuel infrastructure.
Minutes from a meeting with UK NGOs and DFID on Financing for Development and infrastructure.
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.
This briefing analyses the "biggest investment boom in human history", examining elements of a new public-private partnership focused infrastructure investment model, including the role of the World Bank Group.
World Bank is called to take a leadership role in reducing deforestation and promote community forest management, including through its new Forest Action Plan.
BWIs' approach questioned amidst lingering crisis of multilateralism.
In prioritising capital market expansion, the needs of the lowest income groups are not being effectively addressed through World Bank interventions.
BWP analysis of the G24 communiqué, issued on 12 October, from the 2017 World Bank-IMF annual meetings, Washington DC.
BWP's Gender and Macroeconomics project launches a booklet on Gender-Just Macroeconomics; the World Bank’s privatisation push
