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.
European Investment Bank
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.
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
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.
A report assessing the effectiveness of 11 development bank’s accountability systems found that they are not effective at consistently providing remedy to those harmed.
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs committee meetings.
An impending shortfall in available resources for the Clean Technology Fund continues to concern, leading to cancellation of projects. Questions were raised about development impacts and reliance on geothermal energy in India and Indonesia's revised investment plans, and on debt sustainability in a Caribbean project.
The Pilot Program for Climate Resilience (PPCR) has expanded with ten countries despite a lack of funds. The US questioned the approval of a Bolivia project and resettlement issues were raised on two Cambodia projects.
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
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.”
152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
Meeting notes of 'Private sector investment in energy lending and climate finance'
Logistical information for the "The private sector turn" conference in London, 22 November 2010.
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.
The agenda for the "The Private Sector Turn: Private equity, financial intermediaries and what they mean for development" conference in London, 22 November 2010.