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Finance

News

Restart of Pakistan’s IMF loan agreement collapses with change in government, as soaring costs of IFC-supported LNG add to fiscal pain

Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.

Infrastructure

News

Nigerian CSO denounces increase in energy tariffs linked to World Bank-backed reforms

World Bank’s backed energy reforms in Nigeria set to raise electricity prices further despite amid Covid-19 pandemic.

Infrastructure

Analysis

World Bank announces support for CCUS in Nigeria despite criticisms it reinforces fossil fuel dependence

World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.

Infrastructure

News

World Bank technical assistance and policy lending lead to Jamaica gas lock-in

Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.

Infrastructure

Analysis

World Bank must ensure new Africa energy strategy is inclusive and pro-poor

The Bank’s new Africa energy strategy offers it an important chance to mainstream achieving SDG7 into its energy lending on the continent.

Environment

News

EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs

New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.

Infrastructure

News

EIB's draft energy plan proposes ending finance for fossil fuels after 2020

Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.

Infrastructure

News

World Bank’s toxic Medupi loan leaves South Africans in the dark

Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.

Infrastructure

News

World Bank reconsiders support for coal in Kosovo

Bank commissions energy options study, which will explore alternate electricity sources.

Rights

News

CAO released damning audit of IFC hydro project in Guatemala

CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.