While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.
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.
Environmental groups and activists claim victory after years of campaigning.
Despite improvements, notes still contain gaps in key areas including human rights and climate action
World Bank ESF draft Guidance Notes for Borrowers continue to concern civil society
Civil society groups write to World Bank calling for substantial revision of the draft Notes.
Notes of 21 April 2017 spring meetings CSPF session on implementation of new environmental and social framework.
Notes from a side event on implementation of the new World Bank environmental and social framework, which took place during the World Bank-IMF 2016 annual meetings.
Notes from a side event at the IMF/World Bank 2016 annual meetings discussing lessons learned from the World Bank Group’s experiences with high risk projects, safeguards, gender equality, Indigenous Peoples, and environmental and social management systems, and how these should be applied to the Green Climate Fund.
World Bank approved new safeguards after a four year process. Civil society warned of loopholes in new Bank safeguards, its reliance upon “borrower systems”, the lack of references to LGBTQ people and to recognised core ILO labour standards.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
