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
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
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.
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.
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.
Accountability
Analysis
Where’s the remedy? Development banks must do more to remedy harm caused by the activities they finance
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.
