Indicative funding allocations have been agreed for 14 new Scaling up Renewable Energy Program in Low Income Countries pilot countries, however, cautions remained about “unrealistic expectations” about funding availability. Questions were raised about incentives for diesel in a Kenya project.
Criticism of World Bank-supported mining activities in Haiti, Honduras and Armenia reveal that the Bank is still associated with controversial extractives projects.
Funding shortfalls are predicted for the Pilot Program for Climate Resilience (PPCR), as ideas for potential new funding are due to be discussed.
Fourteen new countries were accepted to the Scaling up Renewable Energy Program in Low Income Countries (SREP). Programme implementation continues to be slow, with expected co-financing often dropped.
The World Bank is promoting a “billion dollar map” of minerals in Africa, and continues to invest in fossil fuel extraction. Controversy is tainting Bank-funded mines in Colombia and Haiti as locals resist the extractive projects.
Chapter of CIFs Monitor 8 on the Pilot Program for Climate Resilience (PPCR)
Natural disasters in Haiti and Pakistan have heightened calls for larger debt cancellation, rather than new IMF loans, and for a rethink of the sovereign debt system.
In late March the World Bank announced a three-year programme of financial support for Haiti totalling $479 million, which includes total cancellation of its $39 million debt to the Bank.
An IMF loan to Haiti in response to the devastating earthquake in early January has been criticised for exacerbating the country's debt burden and endangering recovery.
After years of political and economic disputes, the IMF has finally reinitiated negotiations with Haiti
En diciembre de 2005 se lleg
In December an agreement was reached between management and the union at the IFC-sponsored Grupo M textile factory in the Ouanaminthe free trade zone.