Despite growing focus on climate issues, both institutions have backed controversial Mozambique LNG project.
Extractives
Environment
Analysis
World Bank's investment in Seven Energy in Nigeria once again calls Bank's due diligence into question
World Bank's due diligence processes highly suspect as it invests a quarter of a billion dollars in Nigerian Seven Energy, where several individuals associated with the company’s flagship contract are now either on the run or charged with money laundering.
Accountability
Background
Tracking the trillions: Emergency funds, corruption and making the Covid-19 recovery work for all
Notes from Civil Society Policy Forum at the 2020 IMF and World Bank Annual Meetings 29 September session on corruption and Covid-19 recovery.
Environment
News
Development banks pump more money into Southern Gas Corridor, despite fresh concerns
EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project
Environment
News
World Bank DPL paves way for offshore drilling in Guyana, despite CSO concerns
Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits
Environment
Analysis
As World Bank signals end of extraction finance, CSOs call for end to its other fossil fuel funding
Despite World Bank's One Planet Summit announcement that it will stop funding oil and gas extraction after 2019, it still has much to do to fully decarbonise its lending portfolio.
Infrastructure
News
Investigation on World Bank support for Mongolia mining project deferred
The Inspection Panel has deferred a decision to investigate a complaint regarding environmental, social and economic damage related to a World Bank funded mining project in Mongolia.
IFI governance
Background
What are the trends in the energy sector?
Notes from a meeting on energy during the World Bank spring meetings.
Environment
Commentary
World Bank support for Haitian mining: far from a gold standard
World Bank support for a draft mining law in Haiti is criticised for lack of stakeholder engagement, as civil society fears that the plan will do little to protect local communities.
Infrastructure
Background
Issue overview: World Bank and energy
What’s the issue? Energy is a crucial economic sector which has a disproportionate influence on…
Featured briefings
12 October 2020
World Bank and IMF Annual Meetings 2020
6 October 2020
The Bretton Woods Observer: Autumn 2020
6 October 2020
Repairing harm caused: What could a reparations approach mean for the IMF and World Bank?
It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.