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.
World Bank and IFC identified as key funders of projects that endanger human rights defenders.
Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
Stephen Kidd critiques Bretton Woods Institutions' approach to targeted social protection systems, arguing the poor lose out the most.
The IMF's recognition of the importance of inequality is under threat. Concerns have been raised about complacency and even the reversal of the IMF's recent progress on inequality, while IMF staff continue to operationalise new policy advice on inequality in surveillance and lending programmes.
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.
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.
New report raises uncomfortable questions for World Bank leadership about the credibility of the Bank’s climate finance accounting methods.
A report by the World Bank’s Inspection Panel has confirmed that the Bank was non-compliant with its policies on a project in Ethiopia, including on indigenous peoples' rights.
A July presentation on the safeguards review included parts of a proposed integrated framework and next steps. A July report by Human Rights Watch called on the Bank to ensure it does not contribute to human rights abuses.
Ethiopia has said that it will not cooperate in a proposed investigation by the World Bank's accountability mechanism, the Inspection Panel (IP), into a programme linked to the Bank that according to the indigenous peoples filing the complaint led to "forced villagisation".
In May, over 30 NGOs worldwide issued a letter telling IFIs, bilateral development agencies, and export credit agencies to stop investing in the Ethiopian hydropower project Gilgel Gibe III.
Highlights of a civil society dialogue on the IMF Poverty Reduction and Growth Facility, at the World Bank spring meetings in Washington, 20 April 2006.
The latest soundbite from Bank president James Wolfensohn has to be read to be believed.
The differing treatment given to Ethiopia and Iraq in debt relief suggest that geopolitical considerations are again outweighing internationally agreed criteria for fair debt cancellation.