Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
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Eastern Europe & Central Asia
Environment
News
EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Gender
Analysis
The World Bank and gender equality: Development Policy Financing
Critical gender analysis of Bank's Development Policy Financing.
IFI governance
Analysis
Here we go again: Surprise IMF leadership change litmus test for its legitimacy
Lagarde resignation kicks-off another leadership race overshadowed by gentleman’s agreement.
Environment
News
As climate crisis bites, World Bank further distances itself from coal
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
IFI governance
Analysis
Great Expectations a year on: IMF moving the needle on inequality but not yet the gear
One year after Oxfam study, IMF making progress on inequality agenda but still needs a fundamental shift
Accountability
News
Ukraine: Between a rock and IMF conditionality
Alarm bells ringing as Ukraine struggles to meet IMF conditionality on fuel prices and anti-corruption approach criticised
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Other news
Land
News
IMF and World Bank help push through contentious Ukraine land reform amid Covid-19 pandemic
Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.
Land
News
World Bank, IMF and EBRD push for controversial land reform in Ukraine
Ukraine passes contentious draft land reform law under pressure from World Bank, IMF and EBRD.
Environment
Background
World Bank Group Paris Alignment: Governance & private sector participation in the energy sector
Notes from a Civil Society Policy Forum event on 16 October.
Gender
Background
Sexual orientation & gender identity – considering risk mitigation within World Bank programming
This Civil Society Policy Forum Session was co-sponsored by the National LGBT Chamber of Commerce,…
Infrastructure
News
EIB's draft energy plan proposes ending finance for fossil fuels after 2020
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
Infrastructure
News
World Bank reconsiders support for coal in Kosovo
Bank commissions energy options study, which will explore alternate electricity sources.
Infrastructure
News
Civil society calls on IFC and other MDBs to stop financing damaging Balkan dams
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
Environment
News
Development banks pump more money into Southern Gas Corridor, despite fresh concerns
EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project
