[Postal Savings Bank of China / Financial Times] BIC Executive Director Chad Dobson was quoted in a Financial Times article by Shawn Donnan about the Postal Savings Bank of China and the IFC, which has “become emblematic of the often subtle ways in which Beijing and Washington battle for influence behind closed doors at the …
The World Bank Group is the largest source of multilateral finance for forests, and a standard setter for international finance broadly. However, the Bank invests significantly more each year in sectors demonstrated to be primary drivers of deforestation such as agriculture, energy and mining, and transportation; than what it invests in forests. The Bank Information …
Sixteen faith groups have sent a letter to World Bank President Jim Yong Kim, calling on the Bank to adopt a Zero Deforestation Policy: The Paris climate agreement is meant not only to begin a transformation of the world’s energy systems, but also to save the world’s forests. Dozens of countries put forests at the center …
During the 4th Annual UN Forum on Business and Human Rights in Geneva from November 16-19, 2015, BIC’s Maggie Federici participated in a panel entitled Development Finance Institutions: Human Rights Obligations and the Right to Remedy. Development finance institutions (DFIs) have a mandate to alleviate poverty and promote sustainable development. But, in many cases, projects funded by …
New research today reveals that not one of the world’s main development banks is on track to help keep the world below 2 degrees warming. Instead, the banks – funded by tax-payers – continue to support fossil-fuel projects in developing countries. Worst performers include the World Bank’s private sector lending arms[1] which promote fossil fuels …
World Bank president urged to commit to Zero Deforestation declaration, speak out on deforestation at COP21 in Paris Conserving forests is one of the most important climate change mitigation solutions, and is essential to addressing the World Bank’s twin goals of eliminating extreme poverty and promoting shared prosperity. As many progressive governments and private sector …