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.
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.
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.
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
Minutes from a meeting with UK NGOs and DFID on Financing for Development and infrastructure.
IBON Foundation Inc. and BAYAN (New Patriotic Alliance) are organising a conference from 8-11th November to discuss alternative strategies and paradigms to neo-liberal globalisation.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
Clampdown on civil society leaves stain on this year’s Annual Meetings, as global civic space is increasingly under threat
BWIs' approach questioned amidst lingering crisis of multilateralism.
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.
