Last week world leaders met in Bonn to continue to negotiate global responses to climate change under the UN Framework Convention on Climate Change (UNFCCC). The World Bank has a responsibility to support actions on climate change and ensure that it respects peoples’ rights and promote sustainable development in all its activities. In response 77 …
World Bank projects and policies affect the lives and livelihoods of billions of people worldwide. If done right, this can be for the better, but decades of experience tell us that this is not always the case. The Bank has set itself two goals to be achieved by 2030 – to end extreme poverty and …
After several months of negotiations, and the announcement of a record $75 billion replenishment for the World Bank’s fund for the poorest countries, the final IDA18 replenishment report was publicly released in late January, 2017. The agreement to fund the World Bank’s soft-loan window comes at an uncertain time for development aid in the …
A Forest of Money? – PDF Today, BIC is publishing a translation of an important study on international finance for forests in Peru, titled “Un Bosque de Dinero” or “A Forest of Money” in English, which was written in collaboration with Derecho, Ambiente y Recursos Naturales (DAR). This extensive study examines financing from Multilateral Development …
BIC Rebuttal to the World Bank’s Response to BIC’s case studies on Development Policy Operations in Peru, Egypt, Mozambique, and Indonesia March 2017 In January 2017, the Bank Information Center (BIC) along with international and local partner organizations published a report and four case studies on seven World Bank policy lending investments in Peru, Egypt, …
Lima, Peru. January 24, 2017 Summary On January 24th, 2017, Bank Information Center, Derechos Ambiente y Recursos Naturales (DAR) and AIDESEP (Interethnic Association of the Peruvian Amazon) presented a workshop titled “Reformas Globales y Alcances Nacionales” to an audience of approximately 50 participants from Peruvian civil society, including representatives from AIDESEP’s executive leadership and its …
Clearing for a coal mine, Central Kalimantan forest Credit: Andrew Taylor/WDM, taken on June 8, 2013 Licensed under:https://creativecommons.org/licenses/by/2.0/ PRESS RELEASE: World Bank introducing new fossil fuel subsidies, undermining its own climate change commitments and forest protection efforts New analysis of Bank’s $5-billion-dollar policy loans shows lender supporting investment incentives for coal and other fossil fuel …
January 11, 2017 The World Bank is in the process of drafting a new Country Partnership Framework to guide its work in Peru for the next four to six years. This framework is slated to be finalized by April 2017, and is meant to include feedback and comments from stakeholders. However, no draft of this …
The World Bank Group is covertly funding some of India’s largest and most reckless corporations, according to the results of an ongoing investigation by Inclusive Development International. The World Bank’s private-sector arm, the IFC, is bankrolling these companies through its support for six Indian commercial banks. The end users of IFC funds in India are …
Despite promises from World Bank President Jim Kim over two years ago to personally assist in addressing tensions over indigenous land rights in Kenya, approximately 1200 families of the Sengwer indigenous community were told by the Kenya Forest Service (KFS) on Dec. 1 they had just 7 days to leave their ancestral land in the …