The World Bank's Inspection Panel has found the Bank breached its own standards through its involvement in a Kenyan electricity project which has displaced Maasai communities.
A new report by Sierra Club and Oil Change International highlights the need for MDBs to establish criteria for energy access for the poor within their energy portfolios in order to achieve the goal of universal energy access by 2030.
For decades, the Arab region has embarked on a series of IMF-prescribed energy subsidy reforms, which have contributed to increased poverty levels.
The World Bank-hosted Global Infrastructure Facility has been launched despite concerns over risks, including duplication with other initiatives, such as the new Asian Infrastructure Investment Bank.
The Global Infrastructure Facility is expected to be launched as a World Bank-hosted programme in October. Concerns remain about the Bank’s continued support for fossil fuel infrastructure.
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
IFC criticised over Tata Mundra coal power plant in India, for ignoring recommendations from its accountability mechanism.
The World Bank has confirmed its intention to develop a Global Infrastructure Facility, prioritising projects that have stalled due to size or complexity, while concerns continue over the Bank’s support for the Democratic Republic of Congo Inga dams.
Sponsor: World Resources Institute (WRI) Panelists: Milap Patel (World Resources Institute), Nezir Sinani (Bank Information…
Sponsors: NEPAD Business Group, African Business Roundtable Panelists: AfDB representative, Agnes Dasewicz, (Private Capital Group of…