In abstaining, the U.S. representative cited concerns over the potential environmental consequences and an inadequate impact study of the mine plan.
The Board of Directors of both the European Bank for Reconstruction and Development (EBRD) and the World Bank Group (WBG) have approved funding for the Oyu Tolgoi (OT) copper/gold mine in Khanbogd, Mongolia last week, despite local and global resistance to the project.
From January 28 to February 1, 2013, BIC and DAR, a Peruvian nonprofit, co-organized a Training Seminar on the Implementation of Social and Environmental Safeguards held in Washington, DC. Fourteen colleagues from eight countries in Central and South America (Bolivia, Colombia, Peru, Mexico, Honduras, Costa Rica, Guatemala and Panama) participated in the seminar. The seminar was designed as a three-day …
The Bank Information Center has just released a new study on the Kosovo water system. The study reflects concerns on the World Bank’s support for the proposed Kosovo Power Project (NKPP).
July and August press coverage and developments on the World Bank-financed Tata Mundra Ultra Mega Power Project in Gujarat, India
The African Development Bank has been setting itself up as a major knowledge broker for sustainable development across the continent. However, a new mapping project from Heinrich Boell and BIC draws into question the Bank’s track record when it comes to climate change.
The World Bank is continuing apace on its work studying the proposed Rogun hydropower project in Tajikistan, which would be the largest hydropower in Central Asia. Two new assessments were recently released.
A new evaluation of a $1.3 billion World Bank development policy loan to promote sustainability reforms at the Brazilian National Bank for Economic and Social Development (BNDES) that questions the effectiveness of DPLs due to weaknesses in existing Bank policy guiding their design and execution. This brief calls for the reform of Bank DPL policy as an urgent part of the ongoing revision of World Bank safeguard policies to ensure consistent management of risk across all World Bank operations.
This update prepared by the Bank Information Center introduces the FCPF Readiness Package (R-Package) and the Carbon Fund (CF) operational.