World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
Energy
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
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
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
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
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.
Environment
News
Shared prosperity? WBG fails to progress on energy access for poor
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
Featured briefings
14 April 2022
World Bank and IMF Spring Meetings 2022
6 April 2022
The Bretton Woods Observer: Spring 2022
6 April 2022
How IMF and World Bank support for financialisation undermines human rights
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance