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Environment

Environment

News

Resilience and Sustainability Trust’s first loans promote climate PPPs, raising concerns they may create fiscal risks

Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.

5 April 2023

Rights

News

A new SDR allocation: Combatting deepening fragility concerns

The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.

8 December 2022

Finance

Commentary

Civil society organizations urge end to IMF surcharges to finance climate action instead

More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy. 

22 November 2022 | Letters

Environment

News

IMF seeks to ‘unleash’ private climate finance, as experts question ‘de-risking state’ model

In the face of growing calls to ‘de-risk’ green investments for the private sector, academic experts call for developmental allocative green credit regimes, rather than market-led approaches.

4 October 2022

Environment

News

Pakistan calls for climate reparations, as CSOs push for fresh SDR allocation to ease multiple crises

Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability.

4 October 2022

Environment

News

Resilience and Sustainability Trust: Will “qualifying reforms” bring long-overdue institutional shift?

Problematic track record on climate and fossil fuel finance means IMF-World Bank collaboration on the Resilience and Sustainability Trust risks repetition of failed policies.

21 July 2022

IFI governance

Analysis

V20 calls for more equitable international financial system to tackle risks posed to climate vulnerable developing countries

The communiqué for the V20 highlighted multitude of crises facing climate-vulnerable developing countries, with continuing challenges posed by the Covid-19 pandemic and unequally felt climate change impacts now being exacerbated by the spillover effects from the Ukraine war.

26 April 2022

IFI governance

Analysis

G24 communiqué analysis – Spring Meetings 2022

G24 finance ministers called for urgent global action to mitigate the effects of rising debt levels in emerging economies, and rising global food, energy and commodity prices.

25 April 2022

Other news

Finance

News

5 April 2023

A different ‘evolution roadmap’: Havana conference calls for changes in world order hierarchy

As IMF and World Bank tinker at margins, 50 policymakers, diplomats and academics from over 26 countries issue Havana Declaration calling for an assertion of Southern power and the building of a new "planetary bloc".

Infrastructure

News

5 April 2023

MIGA’s support for gas projects raises concerns about its climate credentials

World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.

IFI governance

Background

14 October 2022 | Minutes

Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023

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."

Infrastructure

News

4 October 2022

New deal allows for ICSID claims on fossil fuel investments until 2033

Loophole in renegotiated Energy Charter Treaty could see companies sue countries for losses related to fossil fuel projects until 2033.

Land

News

21 July 2022

IFC approves loan to industrial agriculture producer in Brazil despite pleas for protection of sensitive grassland biome

World Bank’s IFC $200 loan for large-scale agricultural production in Brazil disregards serious human rights and environmental concerns, despite calls by 200 civil society organisations globally

Environment

News

21 July 2022

Mozambique IMF loan moves forward amid serious sustainability and transparency concerns

Fresh $456m IMF loan to Mozambique risks adding to insecurity and debt crisis as LNG projects have fuelled conflict and likely to become stranded assets.

Infrastructure

News

22 September 2021

New US treasury guidance introduces limits for US support for fossil fuels at World Bank

Civil society voices concern about continued support for fossil gas under the policy.

Environment

News

13 July 2021

Dutch government sued at World Bank tribunal for fossil fuel phase out plan

ICSID suit against Dutch government’s fossil phase out highlights threat to climate action posed by investor-to-state dispute settlement mechanisms