Two UN committees and a special rapporteur have questioned development aid funding going to private education, including through IFC supported Bridge International Academies.
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.
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.
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.
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.
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.
Analysis of the official communiqués from the 2016 World Bank-IMF annual meetings, Washington DC.
A new complaint was lodged with the CAO regarding an IFC financial intermediary investment in Honduras, while another financial intermediary case, previously linked to the IFC, escalate into violence.
In response to increasing concern about the safety of human rights and environmental defenders, the World Bank’s accountability mechanisms look to improve complainant protection against retaliation and intimidation.
Civil society responds to World Bank president Jim Yong Kim statement on human rights abuses and displacement by calls for the World Bank to suspend funding to Honduras amid continued human rights concerns.
A US Congresswoman has called for an end to the World Bank’s investments in water privatisation until a robust evaluation has taken place.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
CAO has released another report critical of IFC’s compliance with its own performance standards, highlighting lack of action and continued harm to affected communities.
Notes from a meeting at the IMF/World Bank CSO Forum at the 2015 Annual meetings, focusing on impact of World Bank support to Peru's climate change strategies.
From 9 to 11 October Peru is hosting this year’s World Bank and IMF annual meetings, where their governors will gather in Lima.
CAO finds complaints from Marikana community eligible for further assessment.