The Development Committee met on 24 April, with the chair issuing a statement, instead of a communiqué, reflecting the views of the majority of the group and providing clarity on priorities and moments of consensus within the chaos.
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Other International Financial Institutions
Environment
Analysis
COP29 sees MDBs climate finance take centre stage, as civil society brands new climate finance goal a ‘betrayal’
Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
Accountability
Analysis
Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard
The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.
Finance
Analysis
Sustainable development requires sustainable finance: why local currency financing is part of the solution
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
Private Sector
Commentary
IFC standards review must respond to UN’s call for rights-based transition mineral value chains
Amid escalating transition minerals mining, the expected 2025 review of IFC’s Performance Standards must result in a new approach.
Finance
Analysis
Balancing ambitions and bridging divides at multilateral development banks
The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.
Land
Commentary
Ukraine's post-war agricultural recovery: Returning to the way things were is not enough
World Bank and other international financial institutions need to ensure Ukraine’s agriculture sector reforms lead to increased liquidity for smaller farms and ensure local development, environmentally sustainable investments and a transparent land market.
Infrastructure
Analysis
World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership
World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.
Other news
Land
News
Corporations are expanding control over Ukraine’s land with help from the IMF and the World Bank
New report from the Oakland Institute exposes the stealth take-over of Ukrainian agricultural land known as the “breadbasket of Europe”.
Rights
News
'Uber Files' and 'Back off BlackRock' campaign expose 'pink washing' as the heart of corporate women's economic empowerment agenda
Uber Leaks and cancelled BlackRock and UN Women partnership highlight contradiction of corporate ‘pink washing’ interests with IFI gender commitments.
Infrastructure
News
New US treasury guidance introduces limits for US support for fossil fuels at World Bank
Civil society voices concern about continued support for fossil gas under the policy.
Land
News
World Bank, IMF and EBRD push for controversial land reform in Ukraine
Ukraine passes contentious draft land reform law under pressure from World Bank, IMF and EBRD.
Infrastructure
News
EIB's draft energy plan proposes ending finance for fossil fuels after 2020
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
Land
News
Potential Inspection Panel probe of Amaravati 'land grab' allegations deferred again
Panel received request to investigate allegations related to proposed World Bank loan in 2017.
Infrastructure
Background
Sustainable Infrastructure: Aligning with Rights and the SDGs
Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.
Knowledge
Background
Recommended resources on the World Bank and IMF 2018
The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2018.
