Climate change

Environment

News

Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates

Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.

13 December 2023

Environment

News

Morocco and IMF Resilience and Sustainability Trust: Balancing debt, privatisation and neocolonial dynamics

Morocco's $1.32 billion Resilience and Sustainability Trust loan comes with 'green conditions' which may facilitate neocolonial resource-grabbing and a European-led rush for ‘green’ hydrogen.

13 December 2023
Managing Director Kristalina Georgieva holds a Caribbean Ministerial Roundtable on the Resilience and Sustainability Trust at the Lloyd Erskine Sandiford Centre, 17 June 2022. Credit: Kim Haughton/ IMF Photo

Environment

Background

What is the IMF Resilience and Sustainability Trust?

This Inside the Institutions looks at IMF’s Resilience and Sustainability Trust (RST) reflecting on concerns about its eligibility criteria, quota limit, and 'green conditions'.

13 December 2023 | Inside the institutions
Protest at COP27, celebrated in Sharm el-Sheikh, Egypt in November 2022. Credit: Oliver Kornblihtt / Mídia NINJA

Finance

Analysis

Assessing the Bretton Woods Institutions’ legacy

New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.

3 October 2023 | Briefings

Environment

News

Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions

New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.

4 October 2023

IFI governance

News

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

19 July 2023

Environment

Background

Job opening: Bretton Woods Project seeks Environment Project Officer (closed)

BWP is now accepting applications for the new role of Environment Project Officer, which will support the Project's advocacy and research on the Bretton Woods Institutions' climate-related policies.

11 August 2023 | Recruitment

Environment

News

As World Bank launches Paris alignment approach, unclear guidelines raise greenwashing concerns

Bank’s approach relies on countries' national climate plans, which are not currently collectively aligned with 1.5°C temperature goal.

19 July 2023

Finance

Analysis

World Bank Group Evolution: Technical fixes or urgently needed reform?

World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.

19 July 2023 | At Issue

Finance

Analysis

Against regressive taxes and austerity: IMF and World Bank must pivot tax policies to support a just and green transition

This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.

5 April 2023 | Guest analysis