World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.

World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.
Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."
World Bank President comes out against temporarily waiving intellectual property rights on Covid-19 vaccines
Analysis of the IMFC communiqué published on 8 April from the 2021 World Bank and IMF virtual Spring Meetings.
Analysis of the G20 communiqué published on 7 April from the 2021 World Bank and IMF virtual Spring Meetings.
Analysis of the G24 communiqué released on 5 April from the 2021 virtual World Bank and IMF Spring Meetings.
Notes from the Civil Society Policy Forum session on 24 March.
Community demands reparations from World Bank for murder of South African environmental activist Fikile Ntshangase for opposing the Tendele coal mine initially financed by IFC.
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
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.
Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.
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.