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Critical voices on the World Bank and the IMF
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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.
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IFC ends investment in waste-to-energy incineration projects in Gujarat, India, following civil society campaign
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
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World Bank’s Mission 300: a path to power, for whom?
Bank’s focus on attracting private investment through energy privatisation raises concerns, as it puts private profits over sustainable energy systems, burdening governments with debt and making electricity less affordable for citizens.
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Trump election may add pressure to reverse World Bank’s prohibition on support for nuclear power
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.
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Banga calls energy access a ‘human right’ as he announces World Bank will provide access for 250 million people in Sub-Saharan Africa by 2030
Explicit mention of human rights obligations has long been a taboo subject at the World Bank.
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Indonesia JETP’s promotion of renewable energy privatisation opposed by unions and civil society
Indonesia’s Just Energy Transition Partnership bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society.
