The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
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Green Climate Fund
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Environment
News
Climate Investment Funds quietly postpone decision on how to implement ‘sunset clause’
CIFs indefinitely postpone decision on when they will close, prompting concerns CIFs recapitalisation drive will rival GCF replenishment.
Environment
News
As Green Climate Fund and World Bank sign framework agreement, concerns about Bank's role linger
Bank and GCF finalise framework agreement, meaning nine co-financed projects can go forward.
Environment
News
World Bank remains GCF interim trustee amid questions over long-term status
GCF’s permanent trustee will chosen through open bidding process with final decision expected to be taken in October
Environment
Background
Safeguarding climate finance: GCF, MDBs, rights, and social/environmental risk
Notes from a side event at the IMF/World Bank 2016 annual meetings discussing lessons learned from the World Bank Group’s experiences with high risk projects, safeguards, gender equality, Indigenous Peoples, and environmental and social management systems, and how these should be applied to the Green Climate Fund.
