Bank releases new targets for 'climate-related investments' between 2021-2025, but fails to introduce new restrictions on fossil fuel finance.
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.
This Inside the Institutions looks at the role of the World Bank in carbon finance initiatives
Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits
CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.
Civil society organisations call on World Bank Group to do more to prioritise forests and forest peoples’ rights.
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
The World Bank continues to push climate and disaster insurance programmes, despite concerns that such schemes are being ‘oversold’ and do not address the root challenges of making countries more resilient to climate change.