While the World Bank promotes the burgeoning carbon trading market as a "tool to help Africa's poor", an investigation has unearthed gross incompetence with the Clean Development Mechanism (CDM) in which the Bank is heavily involved. A report by Oxfam points out serious inadequacies with the Bank's adaptation figures.
Infrastructure
Infrastructure
News
Chad-Cameroon non-completion
A report by NGOs in Chad, Cameroon and the US finds that the World Bank’s Implementation Completion Report (ICR) for the Chad-Cameroon pipeline is seriously at odds with the findings of official project monitors.
Accountability
Background
Highlights of UK NGO meeting with UK Executive Director to the WB/IMF Tom Scholar
Highlights of a 22 June 2007 meeting between UK NGOs and UK executive director to the World Bank and IMF, Tom Scholar. Issues covered included review of the Bank's transport strategy, avoided deforestation, conditionality, debt, social protection and IFI governance.
Infrastructure
Background
Highlights of meeting with Tom Scholar and UK NGOs
Highlights of meeting between Tom Scholar and UK NGOs, April 2007
Environment
Background
The DRC's natural resources: a roundtable discussion on forestry, mining and the role of donor insti
Minutes of meeting
Infrastructure
News
Bujagali dam unlikely to benefit ordinary Ugandans
The World Bank is so keen to promote the Bujagali II hydropower project as the solution to Uganda’s energy problems that it has set up a special website for it. Local and international groups who have been lobbying for a full and fair review of Uganda's energy options point out that Bujagali is unlikely to meet the needs of the 95 per cent of Ugandans who live far from the national grid and have never benefited from modern energy services.
Rights
News
World Bank dams provoke hunger strikes in Pakistan
In February affected communities, and local NGOs undertook a hunger strike in protest against the implementation of the Bank funded water project of the Taunsa Barrage Emergency Rehabilitation and Modernisation.
Infrastructure
News
More fossil fuels and faith in the private sector
As part of its commitment to solve the global problems of energy poverty and climate change, in late March the World Bank and the European Investment Bank launched the Carbon Fund for Europe. However the Bank’s recent Implementation of the Management Response to the Extractive Industries Review 2006 reveals an alarming rise in its fossil fuel operations and show that little progress has been made on its environment and development indicators.
Infrastructure
News
Press release: Development banks claim to tackle climate and energy crisis while funding fossil fuel
Press release by CEE Bankwatch Network, Greenpeace International and Oil Change International
Accountability
News
Bujagali funding imminent
Funding from the World Bank and the European Investment Bank for the controversial Bujagali dam in Uganda is imminent.
