The World Bank has revealed details of its new climate change strategy, including promotion of carbon markets despite concerns from indigenous groups. While new conversations about the Bank's energy investments are anticipated, further criticisms were made over its involvement in fossil fuels and hydropower projects
Environment
Environment
Commentary
Dr Kim, where is Mongolia's economic diversification?
In late February the World Bank's private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) boards decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia. An increasing number of people believe that it is going to lead Mongolia to dependence on one product and one corporation, driving the country into deep insecurity.
Environment
News
IFC-funded mines: still courting controversy
Following a year of violence associated with IFC-funded mining projects, the IFC's mining investments in Guatemala, Mongolia, Peru and Colombia are still provoking controversy.
IFI governance
News
World Bank's safeguards review extended
The first phase of the Bank's safeguard review has been extended to mid-April with global consultations planned, including on seven emerging areas.
Accountability
News
A forest of failures
A leaked copy of an evaluation of the Bank's forest strategy criticises the Bank's failure to address social and environmental goals. Further criticism has also been raised over the Bank's Forest Carbon Partnership Facility (FCPF).
Environment
News
Getting its hands dirty
As the World Bank president became more vocal about climate change, concerns remain about the Bank's involvement in fossil fuels, including projects in Mongolia and Central Asia, and questions have been raised about its accountability for hydro projects in India and Guatemala.
Accountability
News
Inspection Panel examines Afghan mining project
The World Bank's Inspection Panel compliance body received two complaints in December relating to the Sustainable Development of Natural Resources Project in Afghanistan.
Accountability
News
ICSID billion dollar cases prompt criticism
The International Centre for Settlement of Investment Disputes (ICSID), an arm of
Environment
Commentary
Bankspeak of the year 2012
Every year the Bretton Woods Project celebrates the best specimens of incomprehensible jargon and ridiculous rhetoric issued by World Bank and IMF staff and financial commentators in the cause of IFI business.
Rights
Background
UK civil society meeting with UK World Bank Executive Director Gwen Hines
Notes of a meeting with UK executive director to the World Bank Gwen Hines in December 2012
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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.