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.
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Regional Development Banks
Environment
Analysis
Climate Investment Funds Monitor 13
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Environment
Analysis
Clean Technology Fund (CTF)
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
Environment
Analysis
Pilot Program for Climate Resilience (PPCR)
The Pilot Program for Climate Resilience (PPCR) has called for urgent donations to be able to finance projects pending approval. The CIF strategic directions paper proposed for a new private sector window to be set up. Concerns were raised about community consultations in Samoa and around resettlement risks related to a Haiti project.
Environment
Analysis
Forest Investment Program (FIP)
The rationale for adding new pilot countries to the Forest Investment Program (FIP) given funding constraints has been questioned, as well as the focus on providing loans rather than grants. The CIF strategic directions paper noted challenges for the FIP, and proposed a new private sector window. Questions were raised about the consultation of ethnic minorities in relation to a Laos project.
Environment
Analysis
Scaling Up Renewable Energy Program (SREP)
Concerns continues over slow progress in implementing the Scaling up Renewable Energy Program in Low Income Countries (SREP) investments plans and lack of funding for new pilot countries, as well as constraints on grant resources. The CIF strategic directions paper proposed an enhanced private sector programme for energy access. Questions on consideration of indigenous peoples were raised in relation to Liberia and Tanzania projects.
Finance
Analysis
World Bank rolls out the carpet for “troubled megaprojects” and PPPs
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
China goes global with development banks
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
Other news
Background
Global Infrastructure Forum: Opening plenary
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
Infrastructure
News
New report highlights lack of MDB spending on energy access for the poor
A new report by Sierra Club and Oil Change International highlights the need for MDBs to establish criteria for energy access for the poor within their energy portfolios in order to achieve the goal of universal energy access by 2030.
IFI governance
Background
Making PPPs work
Notes of a meeting on how to make PPPs work at the World Bank-IMF annual meetings 2014
Infrastructure
News
New briefing: Multilateral Development Banks' unburnable carbon
Bretton Woods Project has published a briefing examining five MDBs' fossil fuel investments and exposure to the carbon bubble.
Infrastructure
Background
Bridging the gap: scaling up investment into Africa's infrastructure
Sponsors: NEPAD Business Group, African Business Roundtable Panelists: AfDB representative, Agnes Dasewicz, (Private Capital Group of…
Rights
Background
Smart assessment: Capturing and managing human rights risks
Sponsor: Bank on Human Rights Panelists: Isabel Lavadenz-Paccieri (Former Ombudsperson for the Independent Consultation and Investigation Mechanism,…
Rights
Background
Multilateral Development Banks & human rights: Issues, challenges, opportunities
Samuel Dash Conference on Human Rights, Georgetown University Law Center The substance of lending safeguards…
IFI governance
News
IFC funded Tata Mundra coal plant to be investigated by ADB
IFC funded 4,000 MW coal plant Tata Mundra in India is to be investigated by ADB for negative social and environmental impacts.
