Notes from a meeting on energy during the World Bank spring meetings.
Sponsors: Heinrich Boell Foundation, Bretton Woods Project, Latindadd, Pacific Environment, International Rivers, European Network on…
This briefing analyses the "biggest investment boom in human history", examining elements of a new public-private partnership focused infrastructure investment model, including the role of the World Bank Group.
A review of the World Bank’s support for public-private partnerships by the Independent Evaluation Group reveals a lack of proven poverty impacts.
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.
World Bank support for a Nepal power line has been criticised for violating indigenous peoples’ rights and the use of armed forces, yet an Inspection Panel investigation has been delayed.
The World Bank has announced big spending programmes in health, electricity and telecoms in Burma, however, critics point to its failure to protect human rights or consult properly with civil society.