US Treasury Secretary Scott Bessent indicates US will stay in the Bank and Fund, claiming “America First does not mean America alone,” as tariffs and rising debt vulnerabilities prompt gloomy forecast.

US Treasury Secretary Scott Bessent indicates US will stay in the Bank and Fund, claiming “America First does not mean America alone,” as tariffs and rising debt vulnerabilities prompt gloomy forecast.
Faced with deafening silence from Bank and Fund leadership on climate issues at the Spring Meetings, climate vulnerable countries demand urgent changes to global financial architecture.
Notes from the 23 April Civil Society Policy Forum session titled “Catalyzing climate finance in fragile contexts - What’s being done and what still needs doing?”
Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
IFC faces backlash for failing to address social and environmental harms from its financing of coal plants in the Philippines, despite proven health and environmental violations.
CSOs warn MIGA's proposal at COP29 to de-risk carbon markets for private investors could shield polluters from accountability, leaving local communities to bear the costs.
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.
CAO report substantiates civil society findings about IFC’s failure to comply with its own requirements for GHG emissions measurement, alternatives analysis, mitigation and disclosure.
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.