In a three-year $100 million partnership, announced in mid March, the IFC and Coca-Cola will work together with female entrepreneurs in Africa and other emerging markets.
Following a year of violence associated with IFC-funded mining projects, the IFC's mining investments in Guatemala, Mongolia, Peru and Colombia are still provoking controversy.
As the World Bank president became more vocal about climate change, concerns remain about the Bank's involvement in fossil fuels, including projects in Mongolia and Central Asia, and questions have been raised about its accountability for hydro projects in India and Guatemala.
This session featured a discussion on the implications of current water policy reforms that have increasingly privatised and commodified water.
As mining projects in South Africa and Peru face violent opposition, critics are questioning the stakes held by the International Finance Corporation (IFC, the World Bank's private sector arm) in the corporations at the centre of the controversies. New IFC funding for mining projects in Mongolia and Guinea is also causing alarm, leading to a call for a return to the recommendations of the 2005 Extractive Industries Review.
With the World Bank's safeguards review due to be launched, indigenous groups and civil society organisations (CSOs) called for it to be rigorous and extensive. Meanwhile, the environmental and social track record of the Bank and its private sector arm, the International Finance Corporation (IFC), has come under scrutiny in India, Colombia and Brazil.
As the G20 and the World Bank continue their push for increased investment in large-scale public-private led infrastructure projects, further scrutiny of the Bank's track record puts its strategy in question.
NGOs continue to find that the International Finance Corporation (IFC), the World Bank's private sector arm, is off track in reducing poverty and promoting development, with concerns that the IFC development goals to be implemented in July will not help the poorest.
World Bank advice on taxes has been contradicted by a senior IMF representative who says that Uganda's tax system is "not fair".
As the World Bank held its Annual Conference on Land and Poverty in April, campaigners accused it once again of facilitating and legitimising 'land grabs' that harm local communities.