Minutes of press briefing
Minutes of meeting
The seventh annual conference of the Parliamentary Network on the World Bank was held in Cape Town in March.
As part of its commitment to solve the global problems of energy poverty and climate change, in late March the World Bank and the European Investment Bank launched the Carbon Fund for Europe. However the Bank’s recent Implementation of the Management Response to the Extractive Industries Review 2006 reveals an alarming rise in its fossil fuel operations and show that little progress has been made on its environment and development indicators.
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.