Bretton Woods Project - Critical voices on the World Bank and IMF

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Environment

This topic area covers: the impact of Bank and Fund policies and activities on the environment, including the impacts of individual projects; programmatic and sectoral lending; and Bank and Fund policy research. Subjects covered include: oil, gas and mining; forests, large hydroelectric projects; energy issues; agriculture; the Global Environment Facility (GEF); the World Bank's involvement in carbon trading; safeguard policies; environmental compliance with World Bank policies and international mechanisms ; and related infrastructure issues. read more background...

Briefings

REDD and the rights of Indigenous Peoples Ensuring equity and participation in World Bank funds

At Issue|Mrinalini Rai|17 April 2009|update 65|url

One of the most contentious issues under discussion in current climate change debates is how to reduce emissions from deforestation and degradation (REDD) by ensuring protection of the world's rainforests. Mrinalini Rai of the International Indigenous Peoples Forum on Climate Change argues that this initiative, heavily backed by the World Bank among others, raises questions about how to ensure fair compensation to those developing countries that undertake a commitment to such reductions. read article...

Facilitating whose power? WB and IMF policy influence in Nigeria's energy sector

At Issue|Lucy Baker|2 April 2008|update 60|url

Despite rhetoric to the contrary, the World Bank's energy portfolio still fails to reap the double dividend of renewable energy technologies that would tackle both energy poverty and climate change. Nigerian economic policies shaped by World Bank and IMF recommendations, policy agreements and conditionality have so far lead to a dysfunctional electricity privatisation process, a heavy and as yet unfulfilled reliance on reform of the gas sector, and the failure to make any widespread practical progress on pro-poor, decentralised renewable energy read article...

Is the Bank's carbon markets approach an effective way to address climate change?

At Issue|Jon Sohn/ Janet Redman|4 February 2008|update 59|url

The World Bank's involvement in the carbon market is under hot debate: Janet Redman from the Institute for Policy Studies opposes its approach while Jon Sohn, from Climate Change Capital argues that there is a role for the Bank to play. read article...

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Are we nearly there? Bridging UK supported funds and a post 2012 climate architecture

Paper|Development and Environment Group|23 June 2009|url

A number of 'pilot' funds are underway to develop climate related interventions in key sectors. Significant UK financing has been dedicated to these funds, primarily through the World Bank. These pilot programmes must be seen as building blocks towards an appropriate post 2012 financial architecture. Based on an emerging UK civil society consensus this paper highlights the form that this architecture should take, what development models it should build upon and what technological approaches it should encompass. read article...

Beyond the London Summit Assessing the UK government's response to the financial crisis and charting a way forward

Paper|Put People First|13 June 2009|url

In this paper we assess the outcomes of the London Summit and the UK government's progress towards the 12 recommendations set out by the Put People First platform in March 2009. The G20 London Summit on 2 April 2009 issued "a global plan for recovery and reform". G20 leaders have not yet gone far enough on the fundamental changes the world needs. The communique appears to have made progress on some critical issues but there were also missed opportunities, especially on building a green economy, and some areas where it moves in the wrong direction. read article...

Bretton Woods Project submission on the DFID White Paper

Briefing|Bretton Woods Project|11 May 2009|url

In a submission the the DFID white paper consultation, we set out the significant change needed at the World Bank and IMF to bring them into line both with international norms and with UK policy, in order to improve their contribution to sustainable development. In this submission we outline changes needed in: IFI governance; IFI conditionality policies; IFI policies related to aid effectiveness; IFI policy on climate change; private-sector finance; and the financial sector's impact on development. read article...

The World Bank's programs on forests and climate change Civil society event at the World bank spring meetings 2009, 24 April

Minutes|Bretton Woods Project|27 April 2009|url

A civil society event organised by World Resources Institute (WRI) at the World Bank spring meetings 2009 read article...

World Bank-IMF spring meetings 2009

News|Bretton Woods Project|23 April 2009|url

This page will be updated regularly with the latest news from the 2009 World Bank and IMF spring meetings read article...

Ghana's off-shore nightmare

Comment|Bishop Akolgo|17 April 2009|update 65|url

The IFC ignored due process requirements mandated by the laws of Ghana in the case of the Jubilee oil field project and should not have considered the loan applications at the board. In so dong the IFC is encouraging the infringement of the basic rules of governance and transparency. read article...

REDD and the rights of Indigenous Peoples Ensuring equity and participation in World Bank funds

At Issue|Mrinalini Rai|17 April 2009|update 65|url

One of the most contentious issues under discussion in current climate change debates is how to reduce emissions from deforestation and degradation (REDD) by ensuring protection of the world's rainforests. Mrinalini Rai of the International Indigenous Peoples Forum on Climate Change argues that this initiative, heavily backed by the World Bank among others, raises questions about how to ensure fair compensation to those developing countries that undertake a commitment to such reductions. read article...

FCPF still lacks safeguards and participation

News|Bretton Woods Project|17 April 2009|update 65|url

In mid March the committee of participants for the Forest Carbon Partnership Fund (FCPF)met. The Bank Information Center expressed concerns that FCPF process is occurring "without any significant participation by indigenous peoples or civil society". read article...

IFC's role in Yemen mining

News|Nadia Daar|17 April 2009|update 65|url

Trends in the relationship between World Bank and IFC technical assistance policies and the IFC's investment portfolio raise interesting questions over possible conflicts of interest. Disclosure at the IFC remains opaque making specific details of projects and policies hard to come by. read article...

US Congress votes against funding World Bank climate fund

News|Ama Marston|17 April 2009|update 65|url

In the midst of intensifying global discussions on climate change due to culminate in Copenhagen in December, the US congress voted not to fund the World Bank's Clean Technology Fund (CTF) for 2009. read article...

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