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Critical voices on the World Bank and the IMF
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How can DPFs promote equitable energy access and accomplish climate objectives?
This CSPF session examined how DPF advance national climate goals, how their contributions are assessed and reported and way to improve them.
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Future of IMF’s climate work uncertain, as climate crisis intensifies
US hostility to IMF’s climate work risks further exacerbating macroeconomic fallout from climate crisis.
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International Court of Justice ruling delivers ‘earthquake’ on states’ obligations to address climate crisis
Landmark opinion confirms states have a binding legal duty to prevent climate harm, which has implications for their ‘voice and vote’ at IFIs.
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Civil society urges the IFC and ADB to cancel financing for Pakistan copper mine
Located in a militarised region, the project risks exacerbating social disruption and environmental destruction.
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Fourth International Conference on Financing for Development exposes continued lack of commitment to address systemic issues
Despite the watered down consensus at FfD4, follow up opportunities must be seized upon to advance the agenda of international financial architecture reform in the coming years.
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Will the World Bank be a partner for a just energy transition in developing countries?
As renewable energy finance shifts from China to the World Bank, whether the Bank can be a partner for a just energy transition depends on three areas: strong environmental and social oversight, avoiding a new resource curse in minerals and debt relief during crises.
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Ghana’s gas debt provides cautionary tale as World Bank reconsiders support for upstream gas projects
After following World Bank energy reform model, government faced with crippling debts and high energy costs.
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World Bank’s controversial support for Inga 3 dam signals return to big hydropower projects
Despite serious concerns from communities and civil society organisations (CSOs), the World Bank’s executive board…
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World Bank energy strategy review considers reversing phaseout of support for gas production
As World Bank pushes to provide electricity to 300 million people in Sub-Saharan Africa by 2030 under Mission 300, it considers lifting ban on support for gas production.
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New data reveal World Bank DPF ‘climate finance’ carries strong private sector bias, undermining a just transition
While the World Bank counted 70 per cent of energy-sector reforms in Development Policy Finance as having ‘climate co-benefits’ between 2018-2023, most promoted a private-led energy transition.
