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.
European Investment Bank
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.
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
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.
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.
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.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
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.