Case continues troubling trend of increased ISDS claims from fossil fuel industry.
Finance
Analysis
Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.
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Infrastructure
Finance
Analysis
Fracking’s false hope: Why fossil fuels won’t help repay Argentina’s debt
Infrastructure
Analysis
The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.
Infrastructure
Analysis
World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe
Finance
Analysis
The World Bank and other multilateral development banks continue to push for public-private partnerships for infrastructure projects, despite concerns of debt risks and lack of transparency.
Finance
Analysis
World Bank rolls out the carpet for “troubled megaprojects” and PPPs
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.
Accountability
News
CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana
Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.
Infrastructure
Analysis
Ghana’s Sankofa gas project - backed by World Bank - brings fiscal pain
Ghana left with $250 million bill for unused gas in 2019 primarily due to ‘take or pay’ clause in Bank-supported PPP contract.
Infrastructure
Analysis
Local communities oppose planned dam construction supported by World Bank in Manipur
World Bank supports hydropower building spree in Manipur, threatening local communities’ livelihoods in the process.
Environment
News
EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Infrastructure
News
Warming of Ethiopia-Eritrea relations puts proposed LAPSSET mega-project under microscope
Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
Rights
News
CAO released damning audit of IFC hydro project in Guatemala
CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.
Other news
Infrastructure
News
3 October 2019
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’.
Infrastructure
News
4 April 2019
World Bank’s toxic Medupi loan leaves South Africans in the dark
Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.
Infrastructure
Background
17 April 2019 | Minutes
Sustainable Infrastructure: Aligning with Rights and the SDGs
Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.
Environment
Background
25 April 2017 | Minutes
On track to 1.5C: Mainstreaming climate and forest actions in MDB lending and country strategies
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
Infrastructure
News
27 September 2018
World Bank reconsiders support for coal in Kosovo
Bank commissions energy options study, which will explore alternate electricity sources.
Infrastructure
News
27 September 2018
Civil society calls on IFC and other MDBs to stop financing damaging Balkan dams
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
Infrastructure
News
24 July 2018
IFC takes its first steps to address Bujagali dam complaints
IFC announces preliminary measures to address CAO complaints regarding Uganda's Bujagali dam, as project receives WBG refinancing boost.
Rights
News
2 October 2017
Controversial Sardar Sarovar Project dam set to displace thousands
Dam - supported by World Bank from 1985-1993 - formally opened by Indian Prime Minister despite resettlement being incomplete.
