Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
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Climate Investment Funds (CIFs)
Environment
News
Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates
Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.
Infrastructure
Analysis
World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership
World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.
IFI governance
Analysis
The Bank and the IMF in 2016: year in review
The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
Environment
Analysis
Clean Technology Fund (CTF)
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Environment
Analysis
Pilot Program for Climate Resilience (PPCR)
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Environment
Analysis
Forest Investment Program (FIP)
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
Environment
Analysis
Scaling Up Renewable Energy Program (SREP)
A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.
