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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African Development Bank
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.
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.
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.
Infrastructure
News
Warming of Ethiopia-Eritrea relations puts proposed LAPSSET mega-project under microscope
Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
Finance
News
Deepening World Bank and AIIB cooperation: Locking in a failed development model?
Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
Environment
Analysis
Clean Technology Fund (CTF)
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Other news
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.
Private Sector
News
CSOs call on World Bank to halt its aggressive support of PPPs
152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.
Background
Global Infrastructure Forum: Opening plenary
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
Infrastructure
Background
Bridging the gap: scaling up investment into Africa's infrastructure
Sponsors: NEPAD Business Group, African Business Roundtable Panelists: AfDB representative, Agnes Dasewicz, (Private Capital Group of…
Social services
News
World Bank's health work challenged on gender
Gender Action's new report Banking on health, published in October, examines IFIs' commitment to addressing gender issues in health-related projects.
Infrastructure
Background
Private sector investment in energy lending and climate finance
Meeting notes of 'Private sector investment in energy lending and climate finance'
Conditionality
News
Swazi unions tell IFIs to "go hang"
The IMF, World Bank, and African Development Bank criticised the 4.5 per cent pay rise of Swazi public servants in August, because of the country's tight fiscal situation.
Rights
News
Bank directors bound by rights obligations
A report by a coalition of German NGOs finds that Germany extra-territorial obligations extend to its role in multilateral development banks.
