IEG report slams Bank trust funds for contributing to ineffective aid.
Climate change
Finance
News
UK announces priorities for World Bank
In August the UK released its priorities for reform of the World Bank.
Environment
News
Donor governments join critical chorus on the CIFs
The Bank-housed Climate Investments Funds (CIFs) are facing increasing criticism from donor governments and civil society groups, while concerns that the Bank's role in the new Green Climate Fund (GCF) constitutes a conflict of interest continue.
Land
News
World Bank won't give up on carbon markets
As the Bank's own report declares the carbon market is failing, the Bank is still pushing forward carbon finance initiatives.
Environment
Analysis
A faulty model?
This paper critically assesses the appropriateness of the Bank-housed Climate Investment Funds (CIFs) as a model for the Green Climate Fund (GCF). It takes proposals and recommendations by civil society groups and uses them as benchmarks to analyse the CIFs. It finds that in terms of institutional arrangements the CIFs have achieved some notable progress, however, in operations and performance there are serious concerns.
Infrastructure
News
US cuts funding to World Bank Climate Fund
The Clean Technology Fund (CTF), one of the controversial Bank-housed Climate Investment Funds (CIFs), was a victim of the 2011 US budget deal, which passed in April.
Infrastructure
News
World Bank energy strategy stalled
A mid April meeting of the World Bank board sub-group, the Committee on Development Effectiveness (CODE), threw the development of the Bank’s energy strategy into disarray, while NGOs complain of a weakening of Bank commitment to consultation and continue to critique Bank energy investments.
Environment
News
BP cash for World Bank forest fund
Global oil and gas company BP has pledged $5 million to the Bank's Forest Carbon Partnership Facility (FCPF).
Infrastructure
News
Conflict of interest? World Bank's role in global climate fund causes outcry
As civil society groups and developing countries continue to warn against World Bank influence in the design and management of the new Green Climate Fund (GCF), further criticism is emerging of existing Bank climate initiatives.
Environment
Commentary
World Bank's Africa strategy remains rutted in comfort zone
A critical analysis of the World Bank's new strategy for Africa
Featured briefings
6 April 2022
The Bretton Woods Observer: Spring 2022
8 December 2021
The Bretton Woods Observer: Winter 2021
8 November 2021
IMF surveillance and climate change transition risks
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.