A World Bank website purporting to give more transparency on Bank group trust fund datasets has been labelled by a freedom of information website are not reader friendly.
The Bretton Woods Project convenes meetings with World Bank and IMF executive directors (EDs) several times a year. On 17 September the Project and civil society representatives met with Gwen Hines, the UK World Bank ED. Here are the notes from the meeting.
Detailed analysis of the communiqués from the 2013 World Bank and IMF annual meetings.
The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.
The July 2013 Multilateral Aid Review reveals concerns regarding the International Development Association and the International Finance Corporation
As the negotiations on the 17th replenishment of the World Bank's International Development Association (IDA) pass the half way mark, a real-terms drop in IDA and stingier terms for borrowers have been agreed. The discussion has focussed largely on the private sector and fragile states.
As the World Bank released a new report on the impacts of climate change and is due to discuss its energy focus, it defended its engagement in fossil fuels, including the Kosovo coal power plant.
The International Finance Corporation (IFC), the World Bank's private sector arm, has recently formalised its 'blended finance' approach, undertaking investment in the private sector at lower than market rates using subsidies provided by donors. Donors' concessional funds are combined with the IFC's own non-concessional funding.
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.
As the World Bank's attention moves from goal-setting to implementation of a new strategy, it is becoming clear that it intends to further prioritise the role of the private sector and adopt many practices of its private sector arm, the International Finance Corporation (IFC), as the main pillars for the whole group.