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Environment

Environment

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World Bank and IMF lend support to mega-gas project in Mozambique, undeterred by growing risks

Despite growing focus on climate issues, both institutions have backed controversial Mozambique LNG project.

6 October 2020
Civil society groups call for the World Bank to stop financing fossil fuels outside its 2019 Annual Meetings in October

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News

EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs

New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.

12 December 2019
The IMF's managing director Kristalina Georgieva, among others, at a seminar entitled, 'Can Central Banks Fight Climate Change' during the 2019 IMF Annual Meetings.

Environment

News

IMF joins discussion on greening financial sector, as climate risks threaten macro-stability

Fund and central banks increasingly pondering macroeconomic policies to tackle climate risks.

12 December 2019

Environment

News

Links between Amazon deforestation and World Bank exposed

IFC equity investment linked to development of key Brazilian transport corridor, leading to accelerated deforestation in the area.

3 October 2019

Environment

Analysis

Confronted with climate emergency, IMF belatedly attempts to "get real"

Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.

30 July 2019

Environment

News

IFC’s Green Equity Strategy faces set-back at Board

As climate crisis deepens, IFC’s Green Equity Strategy faces delay from World Bank’s Board, with CSO activists calling Board’s foot-dragging a ‘scandal’.

30 July 2019
The wind park near the village of Bulgarevo,Bulgaria.

Environment

Analysis

Low-carbon infrastructure, sustainable finance, and people-focused development

This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.

18 July 2019 | Briefings

Environment

News

Despite new 2025 climate targets, World Bank's Paris Agreement alignment remains work in progress

Bank releases new targets for 'climate-related investments' between 2021-2025, but fails to introduce new restrictions on fossil fuel finance.

4 April 2019

Other news

Environment

News

6 October 2020

MIGA considering support for Guinea’s Nimba mining project in UNESCO heritage site

The Mount Nimba nature reserve has been listed as a World Heritage site since 1981 but classified as "in danger" since 1992, in part due to the threat of iron-ore mining.

Accountability

Background

29 September 2020 | Minutes

Tracking the trillions: Emergency funds, corruption and making the Covid-19 recovery work for all

Notes from Civil Society Policy Forum at the 2020 IMF and World Bank Annual Meetings 29 September session on corruption and Covid-19 recovery.

Environment

Background

28 September 2020 | Minutes

Climate change and the Covid-19 recovery – the role of the IMF in building back better

Notes from the Civil Society Policy Forum session on 28 September.

Environment

Background

1 November 2019 | Minutes

World Bank Group Paris Alignment: Governance & private sector participation in the energy sector

Notes from a Civil Society Policy Forum event on 16 October.

Environment

Background

28 October 2019 | Minutes

The IMF & climate change: Can the Fund help countries avoid a ‘climate Minsky moment’?

Notes from the Civil Society Policy Forum event on 18 October on the role of the IMF in tackling climate risk.

Environment

Background

25 October 2019 | Minutes

Forests & Climate Change: How Can Mainstreaming Forests Address Challenges of Climate Change and Development?

Notes from the CSPF on 15 October on the World Bank’s Forest commitments and ways forward to address challenges and weaknesses identified.

Environment

News

3 October 2019

New director takes over Bank’s unfinished climate work

Juergen Voegele was appointed in July, replacing outgoing climate director John Roome.

Finance

News

30 July 2019

IMF and World Bank complicit in “climate debt trap” following Mozambique cyclones

International community fails to deliver on 'Loss & Damage' while poorest countries become further indebted.