Civil society alliances call to prioritise sustainability of life over debt, while IMF continues to insist situation is not "systemic", in contrast to what the UN Secretary General has called a "systemic failure".
Chad
Finance
Analysis
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.
Finance
News
Chad gets debt rescheduling, not relief, and is left dependent on oil revenues
Chad has reached an agreement to restructure its nearly $3 billion of external debt, unlocking IMF financing, but the deal has been criticised for failing to reduce the country’s overall debt burden.
Private Sector
News
Civil society letter re: the IFC and lessons learned
A letter from civil society in response to the IFC's lesson learned briefing
Land
Analysis
The World Bank’s investments in the Great Green Wall: A desert mirage?
World Bank commits to invest additional $5 billion in the Great Green Wall over the next five years, despite shortcomings in its existing investments in the initiative highlighted by IEG.
Finance
Analysis
Debt sustainability review: Tinkering around the edges while crises loom
Despite making some positive changes, the IMF and World Bank Debt Sustainability Framework review has ignored fundamental issues, as risk of new crises persist.
Social services
Analysis
Health care for the few: the IFC’s Health in Africa initiative
New research reveals that Bank’s private sector arm, the IFC's Heath in Africa initiative is benefitting wealthy elites not the poorest.
Environment
Analysis
Clean Technology Fund (CTF)
Clean Technology Fund (CTF) funding approvals continue to rise, including private sector projects for geothermal energy. Revisions for investment plans were approved for Nigeria and the MENA region, with Libya added as a new country.
Environment
Analysis
Foreclosing the future
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.
Environment
News
World Bank powerless to end Chad abuses
Chadian president Idriss D
Accountability
Background
Bank freezes pipeline funds to Chad
Bank freezes Chad's funds following government violation of agreement with Bank over the Chad-Cameroon oil pipeline
Accountability
News
World Bank anti-corruption: discourse versus practice
A new report from corruption watchdog Transparency International indicates that despite improved efforts by the World Bank on corruption ahead of other regional development banks, there is still a striking inconsistency between the discourse and practice of the Bank. A new US anti-corruption bill and an oil revenue agreement with Chad are the latest tests.
