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.
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European Investment Bank (EIB)
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.
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.
Infrastructure
Analysis
The rise and fall of World Bank funded megaprojects
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
Finance
Analysis
Development finance institutions and responsible corporate tax behaviour
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
Infrastructure
Analysis
World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe
The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.
Other news
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
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.”
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
Private sector investment in energy lending and climate finance
Meeting notes of 'Private sector investment in energy lending and climate finance'
Rights
News
Logistics: The private sector turn: Private equity, financial intermediaries and what they mean for
Logistical information for the "The private sector turn" conference in London, 22 November 2010.
Rights
News
The private sector turn: Private equity, financial intermediaries and what they mean for development
A one day conference on 22 November in London. It will focus on the recent expansion of private sector lending within development finance. Looking particularly at the private sector portfolio of international financial institutions and the role of private equity funds and financial intermediaries. The conference will be followed by a strategy day to coordinate future work and action.
Rights
News
Agenda: The Private Sector Turn: Private equity, financial intermediaries and what they mean for dev
The agenda for the "The Private Sector Turn: Private equity, financial intermediaries and what they mean for development" conference in London, 22 November 2010.
