Jim Yong Kim, President of the World Bank announces the establishment of the WBG senior management team and realignment of responsibilities to enhance effectiveness and results, as well as several Vice-President changes
The IFC responds to a December 14 article that questions why the Bank is considering financing a huge Oyu Tolgoi mining project that includes a 750 megawatt plant despite a report that criticizes the flawed project impact assessment, water and climate concerns.
Ulaanbaatar, Mongolia, December 13, 2012 Just one week after its grim warning during the UN climate talks in Doha that the world is on a path towards a four degree-rise in global temperatures, the World Bank is set to approve financing for yet another coal plant. The plant will power a giant mining complex in …