The Carbon Fund’s Methodological Framework and Pricing Approach (MFPA) is currently in development at the FCPF. The MFPA will provide guidance on how countries should address key issues in development of emissions reductions programs through the Carbon Fund- the $390 million performance-based payment fund of the FCPF.
In the consultations, which took place in Delhi, Bangalore, and Bhubaneshwar, civil society moved beyond the confines of Bank’s formal consultation meetings where assessments in earlier consultations have been mixed. In the protests against the consultations, Indian civil society has charged the World Bank with funding environmentally unsustainable projects while claiming the Bank has been complicit in numerous human rights abuses and environmental violations.
The Bank Information Center submitted a case study to the World Bank’s Safeguards review team regarding the negative impact of resettlement resulting from the International Development Association funded Bujagali hydropower project on affected children.
Affected community members and local civil society organizations have submitted the first complaint from Egypt about a World Bank-funded project to the Bank’s highest accountability body, the Inspection Panel
The World Bank has responded to a CSO letter calling on the World Bank to address the needs of children in safeguard policies
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.
BIC’s MENA program has prepared an updated list of the projects that the World Bank is currently funding or preparing to fund in Egypt. The list provides a brief description of each project, in addition to an explanatory diagram that summarizes the World Bank’s project cycles.
In a General Comment on State obligations regarding the impact of the business sector on children’s rights adopted on February 6, 2013 the Committee on the Rights of the Child called on States Parties to ensure that their participation in International Financial Institutions is consistent with obligations under the Convention on the Rights of the Child. The Committee recommended that:
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 …