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.
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Asian Infrastructure Investment Bank (AIIB)
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.
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.
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.
IFI governance
Analysis
Annual Meetings wrap-up: Kim turns to bankrupt ideas, while IMF tries to undo inequality it doesn't admit it helped cause
BWP's analysis of this year's IMF and World Bank annual meetings; hopeful growth forecasts tampered by medium-term concerns, with US anti-multilateralism finally hitting Bank and Fund.
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.
Other news
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.
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.
Rights
News
Indonesian CSOs demand World Bank stop funding infrastructure funds
Indonesian organisations have demanded that the World Bank stops funding harmful infrastructure funds, highlighting impacts on the environment and indigenous communities.
IFI governance
Background
Recommended resources on the World Bank and IMF 2016
The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.
Finance
News
World Bank and AIIB sign joint co-financing agreement
The World Bank has signed a co-financing agreement with the Asian Infrastructure Investment Bank, while former Bank staff join the new institution.
Finance
Background
Global Infrastructure Forum: Perspectives from new development finance institutions
Notes from a side event at the inaugural Global Infrastructure Forum, during the World Bank/IMF 2016 spring meetings, discussing the role of the new development finance institutions, the Asian Infrastructure Investment Bank and the New Development Bank.
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.
IFI governance
Background
Recommended resources on the World Bank and IMF 2015
The best books and papers on the World Bank and IMF from 2015.
