In prioritising capital market expansion, the needs of the lowest income groups are not being effectively addressed through World Bank interventions.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
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.
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.
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.
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
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.
A UN special rapporteur, CSOs and donor countries have critiqued the lack of human rights in the World Bank's draft new environmental and social framework, as the consultation process has continued to be fraught with difficulty.
Notes from a meeting on income inequality during the World Bank spring meetings.
A letter from civil society in response to the IFC's lesson learned briefing
The IMF facilities review reveals a lack of demand for post 2008 financial crisis lending instruments.
In November Mexican civil society networks greeted incoming president, Vincente Fox, with a letter calling for greater transparency and accountability in the country’s decision making processes.
A detailed paper by Trasparencia traces the history and execution of the Mexican Rainfed Areas Development Project.