Aid

Finance

News

Tanzania water project "complete failure"

A Tanzanian water and sanitation project, in which the Bank invested $164 million from 2003 to 2010, has been "a complete failure" according to NGO Civil and Political Rights Watch (CPRW).

8 April 2013

Finance

News

IDA 17: Back to big infrastructure, flirting with climate finance

While donors and the World Bank focus on IDA structural reform, the proposed IDA shift towards financing infrastructure and climate adaptation raises concerns over development impacts.

8 April 2013

Rights

News

Safeguards: World Bank urged to incorporate human rights commitments "in all of its activities"

As the consultations on the World Bank's safeguards review progress, indigenous peoples groups and NGOs raised concerns over the process. There were also increased calls for the Bank to respect human rights in its policies, including a report from a UN Special Rapporteur.

8 April 2013

Environment

News

Carbon capture

The World Bank has revealed details of its new climate change strategy, including promotion of carbon markets despite concerns from indigenous groups. While new conversations about the Bank's energy investments are anticipated, further criticisms were made over its involvement in fossil fuels and hydropower projects

8 April 2013

Environment

Commentary

Dr Kim, where is Mongolia's economic diversification?

In late February the World Bank's private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) boards decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia. An increasing number of people believe that it is going to lead Mongolia to dependence on one product and one corporation, driving the country into deep insecurity.

8 April 2013 | Guest comment

IFI governance

News

World Bank's safeguards review extended

The first phase of the Bank's safeguard review has been extended to mid-April with global consultations planned, including on seven emerging areas.

12 February 2013

Accountability

News

A forest of failures

A leaked copy of an evaluation of the Bank's forest strategy criticises the Bank's failure to address social and environmental goals. Further criticism has also been raised over the Bank's Forest Carbon Partnership Facility (FCPF).

12 February 2013

Private Sector

News

IFC oblivious to impact of lending to financial sector

An audit of the IFC's investments in financial intermediaries reveals a lack of assessment of environmental and social impacts.

12 February 2013

Accountability

News

IFC investments "rarely touch the poor"

Criticism of the International Finance Corporation's lack of poverty focus has again caught the spotlight, as the IFC continues to fund projects that stretch the interpretation of development.

12 February 2013

Finance

Commentary

Hastily introduced World Bank projects threaten to undermine peace process in Burma

In late 2012 the World Bank announced its first lending to Burma in over 20 years. The concern among many grassroots activists, however, is that the areas to which this money will be funnelled are still in the earliest stages of the peace process, and that huge influxes of money will undermine efforts for sustainable peace.

22 January 2013 | Guest comment