IFC equity investment linked to development of key Brazilian transport corridor, leading to accelerated deforestation in the area.
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DR Congo
Environment
News
CSOs call on World Bank to prioritise forests in climate action
Civil society organisations call on World Bank Group to do more to prioritise forests and forest peoples’ rights.
Social services
Analysis
World Bank undermines right to universal healthcare
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
Infrastructure
Analysis
The rise and fall of World Bank funded megaprojects
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
Social services
Analysis
GFF falls short on family planning
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
Environment
Analysis
Forest Investment Program (FIP)
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.
Environment
Analysis
Climate Investment Funds Monitor 14
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.
Environment
Analysis
Climate Investment Funds Monitor 13
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.
Other news
Infrastructure
News
World Bank suspends Inga dam funding
The World Bank has suspended funding for the much criticised Inga 3 hydro power project in the Democratic Republic of Congo.
IFI governance
Background
World Bank Group strategy and reform process
Minutes from a World Bank sponsored event on the new World Bank Group strategy during the 2013 WB/IMF annual meetings.
Infrastructure
News
World Bank's DRC hydro project derailed
The ongoing rehabilitation of the Inga dams in the Democratic Republic of the Congo, which receives financial assistance from the World Bank, will be delayed for three years.
Environment
News
Bank violates own policies in Congo
The findings of an Inspection Panel investigation into the Bank's failure to comply with its own safeguard policies in its support for forest sector reforms in the Democratic Republic of Congo (DRC) was discussed by the board in January
Environment
News
IFC offloads illegal timber trader
the IFC has offloaded its 3.35 per cent equity stake, worth up to $7.5 million in the Singapore-based global commodities trader, Olam International
Environment
Background
The DRC's natural resources: a roundtable discussion on forestry, mining and the role of donor insti
Minutes of meeting
Private Sector
News
Investigation demanded into World Bank reform of DRC mining
NGOs have called on the Bank to investigate two mining contracts between the Democratic Republic of Congo's state mining company and two British Virgin Island-based companies.
IFI governance
News
Bank failed to apply safeguards in DRC: Inspection Panel
A preliminary investigation by the Inspection Panel has reveled serious concerns about Bank programmes to develop the rainforests of the Democratic Republic of Congo.
