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IFC

Accountability

News

Demanding accountability: Response to reports of a child sexual abuse cover up at the World Bank

A joint statement from 34 global civil society organizations regarding the extremely disturbing reports of a child sexual abuse cover-up by World Bank Group officials in connection with IFC's investment in Bridge International Academies in Kenya.

19 October 2023 | Letters

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023

Environment

News

World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat

Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.

4 October 2023

Environment

Background

Job opening: Bretton Woods Project seeks Environment Project Officer (closed)

BWP is now accepting applications for the new role of Environment Project Officer, which will support the Project's advocacy and research on the Bretton Woods Institutions' climate-related policies.

11 August 2023 | Recruitment

Accountability

News

UDHR and IPN anniversaries underscore urgent need for Human Rights policy at all IFIs

World Bank and IMF shareholders must use the anniversaries of the Inspection Panel and the Universal Declaration of Human Rights respectively to demand both establish human rights policies and meet their international obligation to provide remedy

19 July 2023
Cartoon representing the World Bank choosing the path towards an unsustainable future

IFI governance

Analysis

Civil society calls for World Bank to reroute ‘Evolution Roadmap’ away from Cascade

Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.

19 July 2023

Environment

News

As World Bank launches Paris alignment approach, unclear guidelines raise greenwashing concerns

Bank’s approach relies on countries' national climate plans, which are not currently collectively aligned with 1.5°C temperature goal.

19 July 2023

Environment

News

IFC continues extractive investments under cover of biodiversity offsets

World Bank and IFC continue promoting false solutions to climate and environmental emergency, helping extractive companies greenwash their environmental impacts.

19 July 2023
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Other news

Environment

News

Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions

New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.

4 October 2023

Finance

News

A different ‘evolution roadmap’: Havana conference calls for changes in world order hierarchy

As IMF and World Bank tinker at margins, 50 policymakers, diplomats and academics from over 26 countries issue Havana Declaration calling for an assertion of Southern power and the building of a new "planetary bloc".

5 April 2023

IFI governance

Background

Implications of financial deepening for inequality and its impact on gender, poverty, and marginalization

Notes from a Civil Society Policy Forum panel on 14 October 2022 titled "Implications of financial deepening for inequality and its impact on gender, poverty, and marginalization."

14 October 2022 | Minutes

IFI governance

Background

Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023

Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."

14 October 2022 | Minutes

IFI governance

Background

IFC, Uber and the gig economy: deregulation and labour flexibilisation as a “women’s empowerment” strategy

Notes from a Civil Society Policy Forum panel on 13 October titled "IFC, Uber and the gig economy: deregulation and labour flexibilisation as a 'women’s empowerment' strategy,"

13 October 2022 | Minutes

Rights

News

'Uber Files' and 'Back off BlackRock' campaign expose 'pink washing' as the heart of corporate women's economic empowerment agenda

Uber Leaks and cancelled BlackRock and UN Women partnership highlight contradiction of corporate ‘pink washing’ interests with IFI gender commitments.

4 October 2022

Social services

News

World Bank’s IFC ends funding for fee-paying primary and secondary schools

Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.

21 July 2022

Finance

News

Restart of Pakistan’s IMF loan agreement collapses with change in government, as soaring costs of IFC-supported LNG add to fiscal pain

Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.

21 July 2022
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