New research claims World Bank Group's policies facilitate land grabs in Africa and favour the interests of financial markets over food security and environmental protection.
Three civil society groups have filed a complaint with the World Bank's Inspection Panel, its complaint mechanism, over the Bank's feasibility study for a project to channel water from the Red Sea to replenish the Dead Sea.
As agricultural market continue to experience increasing volatility, and record food prices intensify global hunger and poverty, the World Bank's approach to the crisis, which emphasises the use of commodities markets and corporate agriculture, is found wanting by groups demanding food sovereignty and food security.
As the Bank's own report declares the carbon market is failing, the Bank is still pushing forward carbon finance initiatives.
A critical analysis of the World Bank's new strategy for Africa
NGO criticism of the World Bank's market-based approach to the global food crisis, particularly with regard to foreign agricultural investment, increased in recent months, while the Bank reiterated its existing position in April meetings.
Civil society organisations met UK Executive Director to the World Bank and staff from the Department for International Development to discuss the World Development Report on conflict, security and development; the spring meetings and food security; the World Bank's energy strategy and performance in the health sector.
Financial experts critically discuss commodity speculation.
Early April saw the launch of the new World Bank Group strategy for engagement in the palm oil sector, which failed to resolve civil society concerns over several issues, including the rights of indigenous peoples and how performance standards will be applied across supply chains.
Notes of a panel discussion, Washington DC, 12 April 2011