New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Finance
Analysis
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
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Environment
Finance
Analysis
World Bank’s rating obsession will negate debt justice
Finance
Analysis
Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.
Finance
Analysis
Fracking’s false hope: Why fossil fuels won’t help repay Argentina’s debt
Finance
Analysis
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
Finance
Analysis
Bretton Woods at 75: A series of critical essays
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.
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.
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.
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’.
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.
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.
Environment
News
As climate crisis bites, World Bank further distances itself from coal
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
Other news
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.
Environment
News
30 July 2019
Climate Investment Funds quietly postpone decision on how to implement ‘sunset clause’
CIFs indefinitely postpone decision on when they will close, prompting concerns CIFs recapitalisation drive will rival GCF replenishment.
Environment
News
4 April 2019
As Green Climate Fund and World Bank sign framework agreement, concerns about Bank's role linger
Bank and GCF finalise framework agreement, meaning nine co-financed projects can go forward.
Environment
News
24 July 2018
Development banks pump more money into Southern Gas Corridor, despite fresh concerns
EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project
