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.
Six new countries were invited to join the Forest Investment Program (FIP), with a further nine invited to develop investment plans, despite insufficient funds. Potential support for oil palm plantations in Democratic Republic of Congo and industrial logging in Indonesia and Peru were questioned.
Concerns have been raised about the slow progress with the Scaling up Renewable Energy Program in Low Income Countries (SREP). Ghana, Haiti and Nicaragua's investment plans were approved, with questions asked about the loan/grant ratio, promotion of PPPs, and reliance on funding from the Green Climate Fund.
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.
Indicative funding allocations have been agreed for 14 new Scaling up Renewable Energy Program in Low Income Countries pilot countries, however, cautions remained about “unrealistic expectations” about funding availability. Questions were raised about incentives for diesel in a Kenya project.
Concerns in existing and prospective borrower states about the appropriateness and efficacy of IMF-sanctioned reforms under lending and precautionary agreements.
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.
A May World Bank-led statistical operation has used a new method to estimate purchasing power parities, allowing it to more than halve the estimated number of people living on below $1.25 per day.
Khasi indigenous people in Indian state of Meghalaya have filed a complaint with the CAO over illegal land infringement by French multinational Lafarge's Bangladeshi cement plant.
World Bank’s involvement in the Global Environment Facility and Green Climate Fund trust funds criticised.
The Bangladeshi government is being pressured by the IMF's Asia and Pacific department officials to implement its recommendations, including raising the VAT rate, despite opposition from local civil society organizations.
This session featured a discussion on the implications of current water policy reforms that have increasingly privatised and commodified water.
The World Bank has decided to reengage with Bangladesh's Padma bridge project after it suspended its promised $1.2 billion loan last year over allegations of corruption in the consultant selection process
In early December, the IMF reached a "broad agreement in principle" with the Bangladesh government to lend $1 billion under the Fund's Extended Credit Facility.
In a June parliamentary speech, the Bangladesh agriculture minister vehemently attacked the World Bank's role in the country's affairs.