In March the IFC approved $90 million towards a $424 million expansion and modernisation programme for Brazil's leading beef and leather processor Bertin Ltda.
Press release by CEE Bankwatch Network, Greenpeace International and Oil Change International
Campaigners across Europe are telling governments to threaten to withhold funds from the World Bank unless specific changes are made to policy and practice.
Highlights of meeting between Tom Scholar and UK NGOs, December 2006
In the midst of climate talks in Nairobi and the release of the Stern review on the potential catastrophic economic impacts of climate change, the World Bank has been touting the most recent draft of its investment framework on clean energy and development, and stepping up its role in devising market-based solutions to climate change. Critics have decried the hypocrisy of the Bank's role in funding fossil fuel projects, and the perverse rationale behind carbon trading
A new report published by a coalition of international environment and development non-governmental organisations concludes that the World Bank's promise to seriously support alternative energy sources remains unfulfilled.
World Bank president Wolfowitz announces his move to disband the Environmentally and Socially Sustainable Development (ESSD) network within the Bank. It will be merged with the Bank's infrastructure department and report to the current head of the infrastructure department, Kathy Sierra.
Summary of a report by Friends of the Earth US, the November meeting in London on climate change and the UK parliamentary early day motion to end UK support for harmful oil subsidies.
Critique of the new role assigned to the World Bank by the G8 in tackling climate change by creating a framework for clean energy and development. Summary of recent documents examining the Bank's perpetuation of fossil-fuelled economic expansion and false claims made in relation to the Clean Development Mechanism
The gap between the World Bank's pronouncements on the dangers of climate change and the reality of its lending practices presents an ever increasing danger for the global commons.