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.
Energy
Infrastructure
News
Indian power sector employees protest privatisation
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.
Infrastructure
News
Kenya faces new aid embargo
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.
Infrastructure
News
Ugandan dam concerns
Ugandan and international NGOs have written to the head of the IFC to raise concerns about its planned support for the Bujagali Falls dam.
Conditionality
News
Russian u-turn on IMF conditionality
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.
Infrastructure
News
Indians protest at power price increases
Increased power tariffs as part of World Bank plans to privatize the power sector in Andhra Pradesh, India have sparked protests.
Infrastructure
News
Chad Oil Project Nears Decision
In May Chadian and international organisations called for the World Bank to delay its decision on funding the proposed Chad-Cameroon oil pipeline, scheduled for early June.
Infrastructure
News
World Bank Backs Czech Nuclear Power
A study released in April by Hnuti Duha (Friends of the Earth, Czech Republic) and the CEE Bankwatch Network found that World Bank resources “are directly supporting nuclear facilities in the Czech Republic”.
Infrastructure
News
Pak Mun Dam Controversy Fuelled
The Thai authorities and the World Bank, the main funders for the Pak Mun dam project, hailed the dam as a big success, but the World Commission on Dams (WCD) recently released a critical evaluation.
Infrastructure
News
IMF oil price increase fuels protests
Threats of oil prices rises sparked protests in Nigeria in December.
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.