Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.
Energy
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.
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.
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
World Bank-funded Kenya company targets complainants
Community representatives involved in a World Bank Inspection Panel complaint have been targeted with a court injunction by a Bank-funded company.
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.
Infrastructure
Background
Getting energy access right - Trends and lessons learned in public finance
Notes from a meeting at the IMF/World Bank 2017 spring meetings on energy access.
Featured briefings
30 March 2021
World Bank and IMF Spring Meetings 2021
23 March 2021
The Bretton Woods Observer: Spring 2021
23 March 2021
Tip of the iceberg: How the call for SDRs reveals the urgency for deeper reforms of the global reserve system to address systemic inequalities
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.