World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
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Nigeria
Rights
News
IFC faces critical questions over investments in gig economy
IFC’s investments in gig economy platform companies come under scrutiny
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.
Social services
News
World Bank-backed water bill sparks anti-privatisation movement in Nigeria
Bill withdrawn after allegations of misconduct, as Nigerian civil society mobilises against water privatisation.
Environment
News
Eni files ICSID arbitration request linked to controversial Nigeria oil deal
Case continues troubling trend of increased ISDS claims from fossil fuel industry.
Finance
Analysis
The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
Conditionality
Analysis
The IMF and Gender Equality: Operationalising Change
Latest IMF guidance on gender issues raises more questions than answers as it opens the door to impact assessments and alternative macro policies.
Environment
Analysis
World Bank's investment in Seven Energy in Nigeria once again calls Bank's due diligence into question
World Bank's due diligence processes highly suspect as it invests a quarter of a billion dollars in Nigerian Seven Energy, where several individuals associated with the company’s flagship contract are now either on the run or charged with money laundering.
Other news
Social services
News
Civil society hails IFC’s divestment from for-profit education provider Bridge International Academies
The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.
Infrastructure
News
Nigerian CSO denounces increase in energy tariffs linked to World Bank-backed reforms
World Bank’s backed energy reforms in Nigeria set to raise electricity prices further despite amid Covid-19 pandemic.
Accountability
News
IMF faces wave of calls to suspend loan disbursements in Africa
Activists call for suspension of IMF disbursements, raising alarm about lack of accountability for several African loans.
Conditionality
News
World Bank power sector loan in Nigeria raises energy costs as economic crisis bites
As Nigeria enters a deepening economic recession, a $750 million World Bank programme for results (P4R) loan has resulted in increased electricity tariff rates for most Nigerians.
Social services
News
Lagos water rights summit rejects World Bank privatisation
World Bank water privatisation push in Africa criticised by civil society that are calling for a rights-based approach.
IFI governance
Background
Equity, inclusion and education: Examining evidence on low-fee private schools
Notes from a side event on privatisation of education and low-fee private schools, which took place during the World Bank-IMF 2016 annual meetings.
Social services
News
Uganda to close IFC partner’s schools
Uganda has announced that it will close IFC-backed Bridge Academy private schools due to poor hygiene and sanitation.
Rights
News
World Bank’s proposed standards “gravely weaken” investment safeguards
As the World Bank closed the third and final round of public consultations on its new draft social and environmental standards, further concerns have been raised about problematic and weak language.
