Sponsors: Heinrich Boell Foundation, Bretton Woods Project, Latindadd, Pacific Environment, International Rivers, European Network on…
Gonzalo Castro de la Mata was appointed as a new member of the World Bank's Inspection Panel in December 2013.
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 Forest Investment Program (FIP)
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Minutes from a World Bank/IMF seminar on climate change during the World Bank/IMF annual meetings 2013.
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
Drawing on case studies, reports and evaluations, Bruce Rich paints a picture of a Bank still inflicting suffering on vulnerable populations, and calls on Bank president Jim Yong Kim to show real leadership so that the Bank can learn from experience rather than flee from it.
In May, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the Bank's private sector arm), closed the Maple Energy case, despite a new oil spill in April.
The Bank board approved in June a management response to a complaint from residents of the Barranco district in Lima, Peru, about the impacts of a bus service project that it supported.
Several weeks ago the International Finance Corporation (IFC) of the World Bank approved a loan for Camisea II in Peru, the project to export liquefied natural gas. Even though concerns had been raised about this project over environmental, social and now economic issues, the IFC did not hesitate to provide a loan for the Lot 56 consortium operated by Hunt Oil (Peru NLG).
Peru has indicated that it does not plan to renew its stand-by arrangement with the IMF when it expires next year. Turkey, the Fund’s largest borrower, is still debating is next move when its programme expires in May.