CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.
Climate change
Environment
News
World Bank makes developing countries wait on Loss and Damage Fund demands
Bank may not respond to asks until June, at the earliest, raising questions about timeline for fund’s operationalisation.
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.
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.
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'.
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.
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’.
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.
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.
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.
Featured briefings
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
3 June 2024
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.