Notes of a meeting with UK executive director to the World Bank Gwen Hines in April 2013
The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).
The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.
This session featured a presentation from UN special rapporteur on the links between financial and housing crises, safeguards and the right to adequate housing.
This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.
Coverage of the communiqu
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.
As the consultations on the World Bank's safeguards review progress, indigenous peoples groups and NGOs raised concerns over the process. There were also increased calls for the Bank to respect human rights in its policies, including a report from a UN Special Rapporteur.
In early March, 45 civil society organisations wrote to World Bank president Jim Yong Kim complaining that the International Finance Corporation (IFC, the World Bank's private sector arm) response to the an audit of its lending to the financial sector "fail[ed] to acknowledge the gravity of the findings and [was] notable for its lack of commitment to addressing them".
This was a meeting on 1 October 2012, between the Minister of State of the UK's Department for International Development (DFID) and civil society representatives, focusing on the World Bank.