The Pilot Program for Climate Resilience (PPCR) has expanded with ten countries despite a lack of funds. The US questioned the approval of a Bolivia project and resettlement issues were raised on two Cambodia projects.
The Pilot Program for Climate Resilience has invited new countries apply for participation and is also expanding the private sector set-aside to non-PPCR countries. Biodiversity and gender impacts were questioned on a Grenada project and the gender focus on a Haiti project.
Clean Technology Fund (CTF) funding approvals continue to rise, including private sector projects for geothermal energy. Revisions for investment plans were approved for Nigeria and the MENA region, with Libya added as a new country.
Funding shortfalls are predicted for the Pilot Program for Climate Resilience (PPCR), as ideas for potential new funding are due to be discussed.
Whilst the World Bank’s assessment gives the green light to the world’s tallest dam in Tajikistan, a Human Rights Watch report highlights severe damage to local communities.
Chapter of CIFs Monitor 8 on the Pilot Program for Climate Resilience (PPCR)
In a March briefing, US NGO Bank Information Center (BIC) detailed major risks surrounding the construction of the Rogun mega-dam in Tajikistan, for which the Bank is funding environmental and social impact assessments.
The World Bank is currently funding an Environmental Impact Assessment (EIA) for the Rogun dam in Tajikistan, demonstrating its interest in this controversial project.
Tajikistan has gotten itself in hot water with the IMF over poor reporting of information while the country was borrowing money from the Fund.