New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.
Infrastructure
Infrastructure
Analysis
World Bank and IMF influence casts shadow over South Africa's JETP
Environment
News
Despite continued public rhetoric about importance of civil society engagement, Bank is yet to commit to holding a public consultation period on its Paris alignment approach.
Environment
News
World Bank’s update on Paris alignment fizzles at COP27
Accountability
Commentary
World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.
Accountability
Commentary
Alto Maipo: Harms endure due to MDBs' lack of proper due diligence
Infrastructure
Analysis
World Bank announces support for CCUS in Nigeria despite criticisms it reinforces fossil fuel dependence
World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
Environment
News
World Bank accused of being ‘ongoing underperformer’ at COP26, as key Bank shareholders commit to fossil-fuel finance phaseout
UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.
Environment
News
World Bank’s new Climate Change Action Plan fails to deliver much-needed transformative agenda
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
Environment
News
World Bank's oil revenue outlook for Guyana at odds with climate action
Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.
Infrastructure
News
World Bank technical assistance and policy lending lead to Jamaica gas lock-in
Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.
Environment
News
Eni files ICSID arbitration request linked to controversial Nigeria oil deal
Case continues troubling trend of increased ISDS claims from fossil fuel industry.
Infrastructure
Analysis
World Bank must ensure new Africa energy strategy is inclusive and pro-poor
The Bank’s new Africa energy strategy offers it an important chance to mainstream achieving SDG7 into its energy lending on the continent.
Other news
Infrastructure
News
MIGA’s support for gas projects raises concerns about its climate credentials
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
Finance
News
Chad gets debt rescheduling, not relief, and is left dependent on oil revenues
Chad has reached an agreement to restructure its nearly $3 billion of external debt, unlocking IMF financing, but the deal has been criticised for failing to reduce the country’s overall debt burden.
Infrastructure
News
New deal allows for ICSID claims on fossil fuel investments until 2033
Loophole in renegotiated Energy Charter Treaty could see companies sue countries for losses related to fossil fuel projects until 2033.
Finance
News
Restart of Pakistan’s IMF loan agreement collapses with change in government, as soaring costs of IFC-supported LNG add to fiscal pain
Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.
Infrastructure
News
New US treasury guidance introduces limits for US support for fossil fuels at World Bank
Civil society voices concern about continued support for fossil gas under the policy.
Infrastructure
News
Former Ghana national oil company head links World Bank’s Sankofa guarantee to gas power plant deals
Alex Mould says guarantee included commitment to sign four ‘take or pay’ contracts with independent power producers.
Infrastructure
News
Nigerian CSO denounces increase in energy tariffs linked to World Bank-backed reforms
World Bank’s backed energy reforms in Nigeria set to raise electricity prices further despite amid Covid-19 pandemic.
Infrastructure
News
EIB's draft energy plan proposes ending finance for fossil fuels after 2020
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.