A new study for the Swedish Ministry for Foreign Affairs by the UK-based Institute of Development Studies contains case studies on financing mechanisms for biodiversity conservation, climate change abatement, peace and security, HIV/AIDS research and financial stability.
In August, about 100 civil society organisations, most based in the Niger Delta, halted a consultation with Peter Woicke, Executive Vice President of the International Finance Corporation (IFC).
Niger Delta-based organisations outraged over pending World Bank loan for a joint project with Shell Oil in Nigeria, saying IFC favours profitability over local environmental and social concerns.
IFC plans for a joint project with the Shell oil company in Nigeria have been condemned by Niger Delta-based community organisations and international human rights groups.
A conference in February demanded that agencies such as the World Bank should stop funding fossil-fuel mining and power projects, and instead pay to repair the social and environmental damage already caused by these industries.
More than a million electricity workers protested for a day in December against a proposed bill that follows “World Bank prescriptions” to privatize the power sector in India.
In January the IMF and World Bank threatened to cut off Kenya from more than $450 million in aid as a result of a parliamentary bill on interest rate controls.
Ugandan and international NGOs have written to the head of the IFC to raise concerns about its planned support for the Bujagali Falls dam.
In September, Russia reimposed energy sector controls to force Russian oil companies to sell some of their product on the home market, only months after it removed them to comply with IMF conditionality.
Increased power tariffs as part of World Bank plans to privatize the power sector in Andhra Pradesh, India have sparked protests.