Strategy proposes adding up to 95 new staff to boost Fund’s capacity to work on climate issues, as civil society research suggests Fund advise misaligned with just energy transition.
New analysis by ActionAid USA and the Bretton Woods Project finds that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.
Analysis of the IMF and World Bank Development Commitee communiqué published on 9 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.
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.
Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.