Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
While India is pushing for the World Bank’s Global Infrastructure Facility, the US voted against IFC support for a Saudi Arabian corporation linked to coal power and an Inspection Panel case was registered for a Nepal power transmission project. Concerns were also raised on infrastructure projects in India, Nepal and Burma.
Indigenous peoples in Bangladesh have submitted a complaint to the Inspection Panel regarding a World Bank funded transport feasibility study.
Just a month before releasing a new report on climate change and the need to "turn down the heat" (see Update 86), the Bank agreed a $50 million loan to the Chinese prefecture of Shangrao, located in the northeast of China's Jiangxi province, to build a new airport.
This session examined Colombia's private sector partnerships and poverty eradication programme.
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.
The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.
Minutes of an open roundtable with EDs that occurred during the 2013 spring meetings.
The World Bank has decided to reengage with Bangladesh's Padma bridge project after it suspended its promised $1.2 billion loan last year over allegations of corruption in the consultant selection process