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.
European Bank for Reconstruction and Development (EBRD)
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.
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”.
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.
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.
Environment
Analysis
Low-carbon infrastructure, sustainable finance, and people-focused development
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
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
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.”
