Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.
Environment
IFI governance
Analysis
Wrap-up Annuals 2024: BWIs' reforms lack evidence and engagement with UN processes
Environment
Analysis
New BWP research finds the Word Bank's approach to Paris alignment is being used to a significant extent to impose ‘green conditionalities' on borrowing countries, especially in the Global South.
Environment
Analysis
Year one of World Bank Paris Agreement alignment in the energy sector
Finance
Analysis
IMF board's lukewarm endorsement of SDR rechanneling through MDBs stands in stark contrast to continued calls from Global South governments for additional SDR allocations, amid growing debt crisis.
Finance
Analysis
IMF board's reluctance leaves SDRs as underused tool in Fund's toolbox
Environment
News
World Bank's $1 billion loan to South Africa risks undermining just transition by doubling down on 'de-risking' private capital
Despite the Just Energy Transition Partnership's failure to attract private investments in South Africa, the World Bank is doubling down on a private sector led approach to the green transition through $1 billion loan contingent on the separation of Eskom’s activities.
Environment
Background
The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?
This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.
Infrastructure
News
Indonesia JETP's promotion of renewable energy privatisation opposed by unions and civil society
Indonesia’s Just Energy Transition Partnership bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society.
Environment
News
Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates
Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.
Environment
News
Morocco and IMF Resilience and Sustainability Trust: Balancing debt, privatisation and neocolonial dynamics
Morocco's $1.32 billion Resilience and Sustainability Trust loan comes with 'green conditions' which may facilitate neocolonial resource-grabbing and a European-led rush for ‘green’ hydrogen.
Environment
Background
What is the IMF Resilience and Sustainability Trust?
This Inside the Institutions looks at IMF’s Resilience and Sustainability Trust (RST) reflecting on concerns about its eligibility criteria, quota limit, and 'green conditions'.
Environment
News
World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat
Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.
Other news
Environment
News
BWP’s new briefing finds year one of World Bank’s Paris Agreement alignment in the energy sector deepened 'green conditionalities'
New BWP briefing on the World Bank’s Paris Agreement alignment in the energy sector finds that, in its first year, the focus was on deepening 'green conditionality' and structuring a private sector-led energy transition.
Environment
News
Civil society raises concerns about Resilience and Sustainability Trust’s green conditionality as Fund conducts interim review
CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.
Environment
News
World Bank makes developing countries wait on Loss and Damage Fund demands
Bank may not respond to asks until June, at the earliest, raising questions about timeline for fund’s operationalisation.
Environment
News
IFC trade finance continues to invest in fossil fuels, with no board oversight
New research by Urgewald finds that the World Bank Group invested an estimated $3.7 billion in oil and gas developments in 2022 via trade financing.
Environment
Background
Laure-Alizée Le Lannou joins the Bretton Woods Project as new Environment Project Officer
Laure-Alizée Le Lannou will support the Project’s work on environmental and climate advocacy targeting the World Bank as well as research on IMF Special Drawing Rights.
Environment
News
Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions
New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.
Environment
News
MIGA’s new insurance for voluntary carbon offsets risks propping up junk assets, say campaigners
World Bank’s political insurance arm to provide risk cover to existing offsets if they are affected by governments efforts to better regulate problem-plagued offset schemes.
Land
News
Word Bank promotes agricultural corporations at cost of food security in Africa
New CAFOD report exposes World Bank’s harmful approach to agriculture increases food insecurity in Africa.