Aid

Finance

News

IFC "needs to try harder" on development

NGOs continue to find that the International Finance Corporation (IFC), the World Bank's private sector arm, is off track in reducing poverty and promoting development, with concerns that the IFC development goals to be implemented in July will not help the poorest.

3 July 2012

Finance

News

World Bank launches procurement review

The World Bank is undertaking a review of its procurement policy and procedures between 2012 and 2014, which could have significant consequences for developing countries.

3 July 2012

Finance

Background

How can the IMF enhance its focus on growth and poverty reduction in LICS?

A civil society meeting held at the World Bank and the IMF hold their 2012 spring meetings in Washington DC on Friday 20th April.

20 April 2012 | Minutes

Accountability

Background

Supporting Social Accountability for Better Results

Minutes of World Bank Social accountability plenary, Washington DC, 19 April 2012

19 April 2012 | Minutes

Accountability

Analysis

'Leveraging' private sector finance

The notion that public investments should be used to 'leverage' additional investments from private actors is increasingly used in a variety of development finance forums, including aid, development finance, agriculture and, in particular, climate finance. The World Bank has become one of the leading proponents of this concept, though nowhere has it spelled out clearly what it means by 'leverage' or how it should be measured.

18 April 2012 | Reports

Accountability

News

IEG finds World Bank not well adapted to crisis lending

The final report of the World Bank's Independent Evaluation Group's (IEG, the Bank's arms-length evaluation unit) assessment of the Bank's response to the 2008/09 global economic crisis confirms that Bank measures followed pre-crisis patterns and often failed to reach those most affected, leaving the Bank vulnerable to future crises.

5 April 2012

Infrastructure

News

False solutions? The IFC, private equity and climate finance

As the International Finance Corporation (IFC), the Bank's private-sector arm, announces new investments in its climate-focused private equity fund, critics argue that investing scarce public climate funds in the financial sector is of unproven effectiveness, will miss the world's poorest regions and has questionable developmental impacts.

5 April 2012

Land

Background

Notes of meeting between Stewart James, Alternate UK Executive Director to the World Bank, and NGOs

Civil society organisations met UK Executive Director to the World Bank and staff from the Department for International Development to discuss agriculture, land grabs, food security, the safeguards review process, the selection of the next World Bank president, the doing business indicators, and the debt sustainability framework.

13 March 2012 | Minutes

Accountability

News

New World Bank infrastructure strategy

A World Bank infrastructure strategy update, developed because of a G20 push for more infrastructure investment, reaffirms the Bank's commitment to large-scale projects and scaled up private finance through public-private partnerships (PPPs, see Update 77), despite questions about bloated costs and development impact.

7 February 2012

Accountability

News

The World Bank and extractives: a rich seam of controversy

As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Financial Corporation (IFC) investments in extractives are provoking complaints and protests around the world.

7 February 2012