Infrastructure

Infrastructure

News

Banga calls energy access a ‘human right’ as he announces World Bank will provide access for 250 million people in Sub-Saharan Africa by 2030

Explicit mention of human rights obligations has long been a taboo subject at the World Bank.

3 July 2024

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.

5 April 2023

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.

9 April 2024
Suralaya Power Station, Indonesia. Credit: Melvinas Priananda, Trend Asia.

Environment

Analysis

Coal not yet confined to the “old days” by World Bank Group

Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.

13 December 2023 | At Issue

Infrastructure

Analysis

World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership

World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.

8 December 2022

Environment

News

World Bank’s update on Paris alignment fizzles at COP27 as countries demand MDBs evolve to face climate emergency

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.

8 December 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.

8 December 2022

Social services

News

World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model

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.

4 October 2022

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.

4 October 2022

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.

21 July 2022