Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.
Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.
Ghana left with $250 million bill for unused gas in 2019 primarily due to ‘take or pay’ clause in Bank-supported PPP contract.
Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
Bank commissions energy options study, which will explore alternate electricity sources.
Scandal raises new questions about World Bank loans for Trans-Anatolian Pipeline (TANAP), after civil society previously raised concerns over human rights violations and the negative environmental impact of the project.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.