Update on the Scaling up Renewable Energy Program (SREP) from CIFs Monitor 9
Nepal
Infrastructure
Commentary
Disempowered development
World Bank support for a Nepal power line has been criticised for violating indigenous peoples’ rights and the use of armed forces, yet an Inspection Panel investigation has been delayed.
Infrastructure
News
World Bank infrastucture support: "finance as extraction"
While India is pushing for the World Bank’s Global Infrastructure Facility, the US voted against IFC support for a Saudi Arabian corporation linked to coal power and an Inspection Panel case was registered for a Nepal power transmission project. Concerns were also raised on infrastructure projects in India, Nepal and Burma.
Environment
Analysis
Pilot Program for Climate Resilience (PPCR)
Chapter of CIFs Monitor 8 on the Pilot Program for Climate Resilience (PPCR)
Environment
Commentary
Nepal climate loans: an injustice
The Pilot Programme for Climate Resilience (PPCR), part of the World Bank-housed Climate Investment Funds (CIFs), intends to provide frameworks for integrating climate resilience in national development planning of climate vulnerable countries. The Bank acts as trustee, secretariat and one of the implementing agencies of the CIFs. The PPCR offers recipient countries a mix of grants and loans for climate adaptation projects.
