This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.
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Guyana
Environment
News
World Bank's oil revenue outlook for Guyana at odds with climate action
Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.
Accountability
News
CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana
Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.
Environment
News
World Bank DPL paves way for offshore drilling in Guyana, despite CSO concerns
Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits
Environment
Analysis
Forest Investment Program (FIP)
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
Environment
Analysis
Climate Investment Funds Monitor 14
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Environment
Analysis
Climate Investment Funds Monitor 13
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Environment
Analysis
Forest Investment Program (FIP)
The rationale for adding new pilot countries to the Forest Investment Program (FIP) given funding constraints has been questioned, as well as the focus on providing loans rather than grants. The CIF strategic directions paper noted challenges for the FIP, and proposed a new private sector window. Questions were raised about the consultation of ethnic minorities in relation to a Laos project.
Other news
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.
Environment
News
Guyanese oppose REDD without consultation
Participants reviewing proposed low carbon development strategies and Reduced Emissions from Deforestation and Degradation policies of the World Bank at a workshop on Indigenous peoples' rights, extractive industries and national development policies in Guyana, expressed dissatisfaction with the consultation process indicating that previous concerns were yet to be addressed.
Social services
News
Guyana sued over nationalisation debt
A British company has taken a case to the International Centre for the Settlement of Investment Disputes (ICSID) seeking
Finance
News
ESAF-HIPC Link Attacked
Mr Jagdeo, Guayanese Finance Minister, has attacked the IMF for its lack of commitment to debt reduction and using the HIPC Initiative as a means of forcing countries to comply with ESAF programmes.
