Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.
New reports by Financial Transparency Coalition and Eurodad highlight uneven distribution of Covid-19 stimulus spending followed by socially painful fiscal austerity.
Civil society ramps up calls to move away from public-private partnerships (PPPs) with Santiago Declaration for Public Services.
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.
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.
The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.
With the World Bank’s current gender strategy set to expire next year, care and social protection emerge as a possible focus, but CSOs remain skeptical that Bank's private sector-led approach will deliver on women's rights.
A November 2021 report by the Center for Human Rights and Global Justice at New York University highlights the human rights consequences of the World Bank’s Maximising Finance for Development approach.
Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.