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Environment

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

Finance

Analysis

New IMF Resilience and Sustainability Trust (RST) – how to make it work for the Global South

RST must support low- and vulnerable middle-income countries to recover from the pandemic and tackle economic and climate-related structural challenges.

6 April 2022 | Guest analysis

Infrastructure

Analysis

World Bank announces support for CCUS in Nigeria despite criticisms it reinforces fossil fuel dependence

World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.

6 April 2022

Environment

Analysis

Lack of public finance and debt relief at COP26 undermines countries' climate goals

Climate-for-debt swaps mechanism proposed by IMF fails to materialise, while rich countries' climate finance commitments remain unmet.

9 December 2021

Environment

News

World Bank accused of being ‘ongoing underperformer’ at COP26, as key Bank shareholders commit to fossil-fuel finance phaseout

UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.

9 December 2021

Environment

Analysis

IMF surveillance and climate change transition risks

New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.

8 November 2021 | Briefings

Environment

Analysis

New IMF climate strategy seeks to radically expand its climate work – amid concerns about its approach

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.

29 September 2021

Other news

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

Environment

Background

30 March 2021 | Minutes

Why climate transition risks are macro-critical: The IMF and enabling a green recovery

Notes from the virtual Civil Society Policy Forum event on 30 March.

Environment

News

23 March 2021

Civil society research finds World Bank over-reported adaptation finance

New report raises uncomfortable questions for World Bank leadership about the credibility of the Bank’s climate finance accounting methods.

Environment

News

10 December 2020

World Bank cancels Bisri dam project in Lebanon after years of community resistance

Environmental groups and activists claim victory after years of campaigning.

Environment

News

10 December 2020

IFC’s first Green Equity Approach client backs Indonesian coal plant expansion

CSOs call for IFC to close remaining loopholes in Green Equity Approach, after equity client chosen to pilot the initiative makes investment in coal plant expansion in Indonesia.

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.