The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews.
Environment
Environment
News
Jamaica’s World Bank-brokered catastrophe bond fails to pay despite devastation of Hurricane Beryl
Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.
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
Analysis
Year one of World Bank Paris Agreement alignment in the energy sector: ‘green conditionality’ dwarfs green investments
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.
Finance
Analysis
IMF board’s reluctance leaves Special Drawing Rights as an underused tool in Fund's toolbox
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.
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.
IFI governance
Analysis
Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains
Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.
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.