Chapter of CIFs Monitor 8 on the Scaling up Renewable Energy Program (SREP)
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
World Bank president Jim Yong Kim reiterated the Bank’s intentions to develop a global infrastructure facility, while the G20 process on infrastructure continued to focus on PPPs. The G20 accountability report noted failure to address environmental safeguards, and criticism on privatisation in the energy sector was raised by PSIRU.
Minutes of CSO meeting with Stewart James, UK Alternate Executive Director to the World Bank, 15 July 2013
Drawing on case studies, reports and evaluations, Bruce Rich paints a picture of a Bank still inflicting suffering on vulnerable populations, and calls on Bank president Jim Yong Kim to show real leadership so that the Bank can learn from experience rather than flee from it.
Chilean civil society groups demand that a controversial hydroelectric project, which is projected to have a negative impact on environment and Santiago's supply of drinking water, be reconsidered.
The IMF signed a deal with Tunisia in June, after its renewed attempt to lend to Egypt failed in April, while civil society remained concerned about the legitimacy and transparency of the negotiations.
As the World Bank released a new report on the impacts of climate change and is due to discuss its energy focus, it defended its engagement in fossil fuels, including the Kosovo coal power plant.
The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.