Extractives

IFI governance

Analysis

World Bank "short-sighted and cross-eyed" on fossil fuels

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.

26 June 2013

Environment

Commentary

Dr Kim, where is Mongolia's economic diversification?

In late February the World Bank's private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) boards decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia. An increasing number of people believe that it is going to lead Mongolia to dependence on one product and one corporation, driving the country into deep insecurity.

8 April 2013 | Guest comment

Environment

News

Carbon capture

The World Bank has revealed details of its new climate change strategy, including promotion of carbon markets despite concerns from indigenous groups. While new conversations about the Bank's energy investments are anticipated, further criticisms were made over its involvement in fossil fuels and hydropower projects

8 April 2013

Environment

News

IFC-funded mines: still courting controversy

Following a year of violence associated with IFC-funded mining projects, the IFC's mining investments in Guatemala, Mongolia, Peru and Colombia are still provoking controversy.

13 February 2013

IFI governance

News

ICSID billion dollar cases prompt criticism

The International Centre for Settlement of Investment Disputes (ICSID), an arm of

12 February 2013

Environment

News

Getting its hands dirty

As the World Bank president became more vocal about climate change, concerns remain about the Bank's involvement in fossil fuels, including projects in Mongolia and Central Asia, and questions have been raised about its accountability for hydro projects in India and Guatemala.

12 February 2013

IFI governance

News

Inspection Panel examines Afghan mining project

The World Bank's Inspection Panel compliance body received two complaints in December relating to the Sustainable Development of Natural Resources Project in Afghanistan.

12 February 2013

Environment

News

World Bank and climate change

A new Bank report warns about the impacts of climate change, but concerns have been raised about its own track record. While the Bank has increased its renewable energy share, its continued funding of fossil fuels and focus on large scale dams remain controversial.

6 December 2012

IFI governance

News

IFC's Oyu Tolgoi mine prompts complaint

In October, Mongolian herdsmen took a complaint to the Compliance Advisor/Ombudsman, the International Finance Corporation's (IFC) accountability mechanism, against the Oyu Tolgoi mine being considered for World Bank support.

6 December 2012

IFI governance

News

CAO to facilitate dispute resolution over Chad-Cameroon pipeline

In November, the Compliance Advisor/ Ombudsman (CAO), the accountability mechanism for the Bank's private sector arm, published its assessment of a 2011 complaint from a Chadian group of NGOs on behalf of local inhabitants and communities affected by a pipeline in Chad.

6 December 2012