A new Bank report warns about the impacts of climate change, but concerns have been raised about its own track record. While the Bank has increased its renewable energy share, its continued funding of fossil fuels and focus on large scale dams remain controversial.
Infrastructure
Infrastructure
Commentary
The IMF in Egypt: revolution or coming full circle?
The Egyptian government has finally concluded an initial loan agreement with the International Monetary Fund (IMF) following two years of continual negotiations.
Accountability
Background
Climate Investment Funds Monitor survey
The Bretton Woods Project launched the twice-yearly Climate Investment Funds (CIFs) Monitor in 2010 to track the development of the CIFs and highlight concerns. As it approaches our third year, we would like your input into how we can improve the CIFs Monitor to ensure that it remains a valuable resource for civil society and other interested stakeholders of the CIFs.
Environment
Analysis
Climate Investment Funds Monitor 6
The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).
Infrastructure
Background
Post Fukushima: The Role of the Financial Sector in Energy Future
This session introduced the audience to an overview of global energy issues and specific analyses of the environment and economic impacts of Fukushima nuclear power accident, and discussed the roles of the financial sector in viable global energy future.
Infrastructure
Background
Water privatisation management issues
This session featured a discussion on the implications of current water policy reforms that have increasingly privatised and commodified water.
Infrastructure
Commentary
World Bank making poverty worse in Kosovo
Before joining civil society organisations (CSOs), I worked for Kosovo's state-owned power company for many years. During my time there I learned how the coal industry works and how much it negatively affects every segment of our lives. Already two years ago, Kosovan CSOs warned the World Bank that things would not turn out well for Kosovo should the Bank continue supporting and pushing for coal development projects in the country.
Accountability
News
World Bank safeguards under scrutiny
With the World Bank's safeguards review due to be launched, indigenous groups and civil society organisations (CSOs) called for it to be rigorous and extensive. Meanwhile, the environmental and social track record of the Bank and its private sector arm, the International Finance Corporation (IFC), has come under scrutiny in India, Colombia and Brazil.
Accountability
News
World Bank back in on Padma bridge project?
The World Bank has decided to reengage with Bangladesh's Padma bridge project after it suspended its promised $1.2 billion loan last year over allegations of corruption in the consultant selection process
Environment
News
World Bank's climate record in the dark
As the World Bank officially stepped into its role as interim trustee of the United Nations Framework Convention on Climate Change's (UNFCCC) new Green Climate Fund (GCF), its track record on fossil fuel investments continues to raise concerns.
