Last week, at the One Planet Summit in Paris, World Bank President Jim Yong Kim announced that the World Bank will cease funding upstream oil and gas after 2019. BIC welcomes this commitment from the World Bank, but cautions that the there is still more work to be done to climate-proof the Bank’s portfolio. This …
*Photo credit to scroll.in The World Bank’s independent Inspection Panel released a report today detailing the commitments made by World Bank management to prevent impoverishment, coercion, and retaliation against critics in the process of constructing a new mega-city in southern India. The World Bank and the new Asian Infrastructure Investment Bank (AIIB) are considering providing …
In a letter sent this week to the World Bank, over 30 civil society organizations from around the world called for substantial revisions to draft guidance notes for the Bank’s new Environmental and Social Framework (ESF). The ESF replaces the Bank’s longstanding safeguards, and represents a major shift from a rules-based system to one characterized …