Notes from the Civil Society Policy From on 13 April titled "Navigating Africa’s debt conundrum amid multiple crisis: Looking beyond the G20 Common Framework."
Nigeria
Infrastructure
Analysis
World Bank announces support for CCUS in Nigeria despite criticisms it reinforces fossil fuel dependence
World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
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.
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.
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
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Bill withdrawn after allegations of misconduct, as Nigerian civil society mobilises against water privatisation.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.
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.
