UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.
MIGA
IFI governance
Analysis
Annual Meetings Wrap-up: despite urgent climate and development needs, geopolitics and deference to private finance rule the day
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
IFI governance
Analysis
G24 communiqué analysis - Annual Meetings 2021
G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
Environment
Analysis
World Bank’s plans for Indonesia: Delayed action on climate and continued coal and gas support
Indonesian civil society have raised concerns that the World Bank is promoting gas and supporting further coal expansion in its new Country Partnership Framework.
Finance
News
Pressure mounts for an end to IDA’s Private Sector Window as IDA20 negotiations continue
Civil society and academics call for scrapping of Private Sector Window in IDA20 and the reallocation of resources to support public sector responses to the pandemic.
IFI governance
Background
Multilateral Investment Guarantee Agency – the Bank’s foreign direct investment insurance arm
MIGA principally provides political risk insurance for private investors undertaking foreign direct investment.
Infrastructure
News
New US treasury guidance introduces limits for US support for fossil fuels at World Bank
Civil society voices concern about continued support for fossil gas under the policy.
Accountability
News
Civil society calls for IFC and MIGA to build upon CAO reform
Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms
Environment
News
World Bank’s new Climate Change Action Plan fails to deliver much-needed transformative agenda
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
IFI governance
Analysis
Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.
Accountability
News
New CAO vice president urged to fight for CAO independence
Civil society call on newly appointed CAO vice president to safeguard CAO’s independence and fight for full implementation of recent external review of IFC and MIGA accountability framework.
Accountability
Analysis
IFC and MIGA must ‘walk the accountability walk’ on the road mapped by independent review
Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.
