Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
As the IFC increases investments in for-profit, commercial education, CSO RESULTS finds this marginalises the poor and calls on the IFC to enhance free public education instead.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
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.
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.
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
Reform to the IMF’s voting shares shifts some power to emerging countries, but the institution’s leadership selection process remains opaque and undemocratic.
Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.
CAO finds complaints from Marikana community eligible for further assessment.
Notes from a meeting on gender and development during the World Bank spring meetings.
Notes of a meeting on emerging markets in transition at the World Bank-IMF annual meetings 2014
Countries, including Russia and India, have continued to express concerns over the failure to complete the 2010 IMF quota reform.
The World Bank has declined to take immediate action over identified issues on water availability, air quality and community services related to Eskom for the Medupi coal-fired power plant in South Africa.
The crisis-hit government of Swaziland agreed a 2.4 billion rand ($324 million) loan from South Africa in August, which will be conditioned on the adoption of IMF-recommended fiscal reforms.
Renosi Mokate, former deputy governor of the South African Reserve Bank, has been elected to the World Bank's board of executive directors.