A May World Bank-led statistical operation has used a new method to estimate purchasing power parities, allowing it to more than halve the estimated number of people living on below $1.25 per day.
East Asia & Pacific
World Bank publishes minor changes to its Doing Business report, addressing only one of the criticisms of an independent panel review while activists continue to highlight the damage done by the rankings.
The World Bank has released a first draft of its new safeguards framework for consultation, despite concerns from civil society organisations and indigenous peoples groups.
A new article, co-written by Eurodad and the Bretton Woods Project, analyses the BRICS' newly launched bank and reserve arrangement.
World Bank continues to strongly back REDD+ forest projects, which have been criticised for not consulting indigenous peoples or respecting land rights.
Civil society groups criticise IFC investments worth hundreds of millions of dollars in mining projects in Guinea, Mongolia and Armenia for potential negative social and environment impact.
The IMF rings more warnings about the costs of having an oversized financial sector, but fails to recommend stronger controls on the banking sector.
An IFC-linked Vietnamese rubber plantation company agreed to temporarily suspend activities in three Cambodian plantations, but activists urged the company to cease its activities in all communities.
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
Update on the Forest Investment Program (FIP) from CIFs Monitor 9
The World Bank’s safeguards review is facing more delays in the face of internal wrangling, while civil society has ramped up demands for stronger rules.
Updates on the Clean Technology Fund (CTF) from CIFs Monitor 9