Concerns continues over slow progress in implementing the Scaling up Renewable Energy Program in Low Income Countries (SREP) investments plans and lack of funding for new pilot countries, as well as constraints on grant resources. The CIF strategic directions paper proposed an enhanced private sector programme for energy access. Questions on consideration of indigenous peoples were raised in relation to Liberia and Tanzania projects.
Concerns have been raised about the slow progress with the Scaling up Renewable Energy Program in Low Income Countries (SREP). Ghana, Haiti and Nicaragua's investment plans were approved, with questions asked about the loan/grant ratio, promotion of PPPs, and reliance on funding from the Green Climate Fund.
Despite efforts to boost its influence within climate finance circles and a call to “decarbonise development”, the World Bank continues to support fossil fuels.
World Bank’s high-level support for private education providers is condemned by the UN Special Rapporteur, NGOs and academics.
New World Bank report shows lack of access to basic health services has pushed six per cent of the global population into poverty, as the IFC continues to support private health providers.
Indicative funding allocations have been agreed for 14 new Scaling up Renewable Energy Program in Low Income Countries pilot countries, however, cautions remained about “unrealistic expectations” about funding availability. Questions were raised about incentives for diesel in a Kenya project.
The Global Financing Facility, hosted by the World Bank, aims to scale up support for sexual and reproductive health, however, concerns remain that funds may be transferred from existing programmes.
Concerns in existing and prospective borrower states about the appropriateness and efficacy of IMF-sanctioned reforms under lending and precautionary agreements.
New research reveals that Bank’s private sector arm, the IFC's Heath in Africa initiative is benefitting wealthy elites not the poorest.
The World Bank board has approved the action plan in response to the Inspection Panel report on the Kenya Sengwer case. The Sengwer indigenous community welcomed the action plan but demanded recognition of their status as "custodians" of the Embobut forest.
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.
Fourteen new countries were accepted to the Scaling up Renewable Energy Program in Low Income Countries (SREP). Programme implementation continues to be slow, with expected co-financing often dropped.
