IFI governance
News
Bretton Woods Project survey prize winners
Bretton Woods Project communications survey prize winners selected.
Bretton Woods Project communications survey prize winners selected.
The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).
As the G20 and the World Bank continue their push for increased investment in large-scale public-private led infrastructure projects, further scrutiny of the Bank's track record puts its strategy in question.
The World Bank is undertaking a review of its procurement policy and procedures between 2012 and 2014, which could have significant consequences for developing countries.
The Bretton Woods Project would like to sincerely thank the Honorable James M. Flaherty, Canada's finance minister, for his kind end June response to a letter we sent him about leadership selection at the IFIs.
Minutes of Burma and IFIs meeting, Washington DC, 18 April 2012
Civil society organisations met UK Executive Director to the World Bank Susanna Moorehead and staff from the Department for International Development to discuss IDA, education finance, infrastructure finance, fragile states, agriculture and land, Doing Business rankings, Oyu Tolgoi project in Mongolia.
With the World Bank's safeguards review due to be launched, indigenous groups and civil society organisations (CSOs) called for it to be rigorous and extensive. Meanwhile, the environmental and social track record of the Bank and its private sector arm, the International Finance Corporation (IFC), has come under scrutiny in India, Colombia and Brazil.
Every six months the World Bank issues a corporate scorecard, which is submitted each Autumn to the Bank's annual meetings. The scorecard is supposed to "provide a snapshot of the Bank's overall performance, including its business modernisation, in the context of development results." It is compiled by Bank staff to "facilitat[e] strategic dialogue between management and the board on progress made and areas that need attention."
Notes of a meeting with UK executive director to the World Bank Gwen Hines in December 2012
The World Bank launched a new energy directions paper in July but continues to focus funding on fossil fuels such as natural gas
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.