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.
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Other International Financial Institutions
Environment
News
World Bank’s update on Paris alignment fizzles at COP27 as countries demand MDBs evolve to face climate emergency
Despite continued public rhetoric about importance of civil society engagement, Bank is yet to commit to holding a public consultation period on its Paris alignment approach.
Accountability
Commentary
Alto Maipo: Harms endure due to MDBs' lack of proper due diligence
World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.
IFI governance
Analysis
Spring Meetings 2021 wrap up: Socialism for those who can afford it, neoliberalism for the rest
As the world struggles with divergent recovery paths from the pandemic, the IMF and World Bank once again failed to take the decisive action required during the Spring Meetings.
Finance
News
First gathering of world’s public development banks fails to deliver concrete commitments
World Bank and other MDBs fail to sign on to general declaration as multilateral leadership on solutions to climate, debt and inequality crises remains inadequate.
Knowledge
Background
Recommended resources on the World Bank and IMF 2019
The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2019.
Infrastructure
Analysis
Local communities oppose planned dam construction supported by World Bank in Manipur
World Bank supports hydropower building spree in Manipur, threatening local communities’ livelihoods in the process.
Environment
News
EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Other news
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’.
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.
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
News
Civil society calls on IFC and other MDBs to stop financing damaging Balkan dams
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
